Common Market Georgia Incorporated

Analysis

Common Market Georgia Incorporated is a registered charity in United States, based in East Point, GA. It received its IRS tax-exemption ruling in January 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Common Market Georgia Incorporated reported income of $2.3m and spending of $1.1m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $2.3m (+1022%), an average of +83% a year. The sharpest change came in the year to December 2020, when income rose by 911%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Market Georgia Incorporated sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within GA. Charities of a similar size with the same main cause include Paz de Cristo Community Center ($2.3m), Listening House of St Paul Inc ($2.3m) and Jobs for Tennessee Graduates Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $108k (9.6% of expenses). Other salaries and wages came to $391k. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $989k. It reported 10 employees.