Olde Beaufort Farmers Market

Analysis

Olde Beaufort Farmers Market is a registered charity in United States, based in Beaufort, NC. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Olde Beaufort Farmers Market reported income of $103k and spending of $91k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $103k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olde Beaufort Farmers Market sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Crosspointe International Inc ($103k), Still Strong Foundation ($103k) and Crossover World Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 48% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.