Central Market Trust

Analysis

Central Market Trust is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. 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 June 2023, Central Market Trust reported income of $589k and spending of $870k, spending 148% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $707k to $589k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2020, when income dropped by 31%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Market Trust sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($589k), Fairfields Volunteer Fire Department Incorporated ($589k) and Montagnard Association of North Carolina Inc ($589k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $87k (10% of expenses). Other salaries and wages came to $73k. At year end it held assets of $726k against liabilities of $51k, net assets of $675k. It reported 5 employees.