Foothills Farmers Market

Analysis

Foothills Farmers Market is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in October 2011, 15 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, Foothills Farmers Market reported income of $164k and spending of $202k, spending 124% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $90k to $164k (+82%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 267%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foothills Farmers Market sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Advancing Compassion Project ($164k), Org for Advancement of & Servc for Individuals with Special Needs Inc ($164k) and Tenth & Lami Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Other salaries and wages came to $55k. At year end it held assets of $132k against liabilities of $8,281, net assets of $124k. It reported 6 employees.