Samaritans Market

Analysis

Samaritans Market is a registered charity in United States, based in Fulton, MS. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, 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, Samaritans Market reported income of $291k and spending of $303k, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $122k to $291k (+140%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Samaritans Market sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MS. Charities of a similar size with the same main cause include Pine Street Preschool ($291k), West End Senior Citizens Inc of Buh ($291k) and Hope Vibes Inc ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $200 (0.1% of expenses). Other salaries and wages came to $142k. At year end it held assets of $82k against liabilities of $3,339, net assets of $79k. It reported 19 employees.