Acorn Farmers Market and Cafe Inc

Analysis

Acorn Farmers Market and Cafe Inc is a registered charity in United States, based in Manchester, MI. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2021, Acorn Farmers Market and Cafe Inc reported income of $217k and spending of $250k, spending 115% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income fell from $300k to $217k (-28%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 28%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Acorn Farmers Market and Cafe Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Keeping Families Connected Inc ($217k), White Pine Community Training Center Inc ($217k) and Stride Ahead Inc ($217k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $66k. At year end it held assets of $159k against liabilities of $1,853, net assets of $157k. It reported 14 employees.