Farmers Market Management Services

Analysis

Farmers Market Management Services is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 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, Farmers Market Management Services reported income of $90k and spending of $91k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $259k to $90k (-65%), an average of -41% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farmers Market Management Services sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Chetna ($90k), Evergy Employee Relief Fund ($90k) and Denver Adaptive Divers ($90k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $46k (51% of expenses). At year end it held assets of $1,355 against liabilities of $0, net assets of $1,355.