Ocala Downtown Market Inc

Analysis

Ocala Downtown Market Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in September 2022, 4 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 June 2024, Ocala Downtown Market Inc reported income of $221k and spending of $162k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $82k to $221k (+170%), an average of +28% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ocala Downtown Market Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within FL. Charities of a similar size with the same main cause include Vietnamese American for Mutual Assistance and Service Inc ($221k), Grace Rides Inc ($221k) and Serving Beyond Borders ($221k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $165k against liabilities of $35k, net assets of $130k.