Prescott Farmers Market Inc

Analysis

Prescott Farmers Market Inc is a registered charity in United States, based in Prescott, AZ. It received its IRS tax-exemption ruling in June 2012, 14 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, Prescott Farmers Market Inc reported income of $635k and spending of $676k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $635k (+294%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Prescott Farmers Market Inc 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 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include San Carlos Learning Academy Inc ($634k), Grace Medical Home Foundation Inc ($635k) and Building Up Lives Foundation ($634k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $62k (9.1% of expenses). Other salaries and wages came to $283k. At year end it held assets of $360k against liabilities of $57k, net assets of $303k.