Canton Farmers Market Inc

Analysis

Canton Farmers Market Inc is a registered charity in United States, based in Canton, MA. It received its IRS tax-exemption ruling in November 2021, 5 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, Canton Farmers Market Inc reported income of $58k and spending of $52k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $58k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canton Farmers Market Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Holy Manna Ministries ($58k), Samaritan Group Inc ($58k) and Montclair Farmers Market a NJ Nonprofit Corporation ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.