Common Market Mid-Atlantic Incorporated

Analysis

Common Market Mid-Atlantic Incorporated is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 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, Common Market Mid-Atlantic Incorporated reported income of $1.3m and spending of $951k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $566k to $1.3m (+124%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 1048%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Market Mid-Atlantic Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Disability Service Provider Network Inc ($1.3m), North Bay Housing Coalition ($1.3m) and Perfect Place Drop-In Center Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $1.6m against liabilities of $826k, net assets of $805k. It reported 19 employees.