Market Van Buren

Analysis

Market Van Buren is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in March 2021, 5 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Market Van Buren reported income of $514k and spending of $419k, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $295k to $514k (+74%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Market Van Buren sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Acg Legacy Fund ($514k), Aerozone Alliance ($514k) and North Carolina Hosa - Future Health Professionals Inc ($513k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $132k (32% of expenses). Other salaries and wages came to $148k. At year end it held assets of $371k against liabilities of $54k, net assets of $317k.