Farm and Craft Market Inc

Analysis

Farm and Craft Market Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in October 2022, 4 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, Farm and Craft Market Inc reported income of $210k and spending of $208k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $34k to $210k (+510%), an average of +510% a year. The sharpest change came in the year to December 2023, when income rose by 510%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Farm and Craft Market Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Tennessee Resettlement Aid ($210k), Saratoga Rotary Charitable Foundation ($210k) and Chicago County Ag Society ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5 against liabilities of $0, net assets of $5.