Mill City Farmers Market Charitable Fund

Analysis

Mill City Farmers Market Charitable Fund is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mill City Farmers Market Charitable Fund reported income of $268k and spending of $258k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $268k (+0.8%), an average of +0.2% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mill City Farmers Market Charitable Fund sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Cactus Pear Music Festival ($268k), Royal School of Church Music ($268k) and Coro Allegro Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $124k. At year end it held assets of $176k against liabilities of $43k, net assets of $133k. It reported 16 employees.