Wytheville Farmers Market

Analysis

Wytheville Farmers Market is a registered charity in United States, based in Wytheville, VA. It received its IRS tax-exemption ruling in April 2017, 9 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, Wytheville Farmers Market reported income of $55k and spending of $56k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $57k to $55k (-3.3%), an average of -3.3% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wytheville Farmers Market sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within VA. Charities of a similar size with the same main cause include Creators for Christ ($55k), Centerplace III Inc ($55k) and Turtle Shelter Project ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.