Neighborhood Markets Incorporated

Analysis

Neighborhood Markets Incorporated is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Neighborhood Markets Incorporated reported income of $155k and spending of $159k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $155k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Markets Incorporated sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include New Partners Community Solar Corp ($155k), Bicycle Cooperative of Fort Collins Inc ($155k) and Coupland Water Supply Corporation ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.