Farmers Market of Hernando

Analysis

Farmers Market of Hernando is a registered charity in United States, based in Hernando, MS. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2024, Farmers Market of Hernando reported income of $116k and spending of $136k, spending 117% of what it took in. Across the 2 years on record, from October 2023 to October 2024, income grew from $115k to $116k (+0.8%), an average of +0.8% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farmers Market of Hernando sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MS. Charities of a similar size with the same main cause include Hope in the Mountains Incorporated ($116k), Crossroads Mission Care Inc ($116k) and Connors Hope Inc ($116k).

On its Form 990-EZ for the period ending October 2024, revenue came from contributions and grants 25% and program service revenue 73% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.