Common Market Texas Incorporated

Analysis

Common Market Texas Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2018, 8 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 December 2023, Common Market Texas Incorporated reported income of $1.3m and spending of $686k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $1.3m (+479%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 640%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Common Market Texas Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Brian P Stack Civic Association Inc ($1.3m), Deaf Blind Service Center ($1.3m) and Peoples Forum Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 43% of the total. Other salaries and wages came to $96k. At year end it held assets of $2.2m against liabilities of $1.6m, net assets of $553k. It reported 13 employees.