Tacoma Farmers Market

Analysis

Tacoma Farmers Market is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in July 2019, 7 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, Tacoma Farmers Market reported income of $250k and spending of $362k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $248k to $250k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 137%. 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, Tacoma Farmers Market sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within WA. Charities of a similar size with the same main cause include Cross-Generation ($250k), Mounds View Supportive Housing Inc ($250k) and Childrens Smile Foundation ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 27% of the total. Other salaries and wages came to $206k. At year end it held assets of $228k against liabilities of $3,260, net assets of $225k. It reported 9 employees.