Uptown Farmers Market

Analysis

Uptown Farmers Market is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2020, 6 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 2023, Uptown Farmers Market reported income of $160k and spending of $136k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $160k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Uptown Farmers Market sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Oakland Communities United for Equity and Justice ($160k), Los Angeles Latino Chamber of Commerce Foundation ($160k) and Lightbridge Hospice Community Foundation ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. At year end it held assets of $119k against liabilities of $11k, net assets of $109k.