Homer Farmers Market Inc

Analysis

Homer Farmers Market Inc is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in December 2006, 20 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, Homer Farmers Market Inc reported income of $63k and spending of $73k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $63k (-12%), an average of -12% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homer Farmers Market Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 19th percentile within AK. Charities of a similar size with the same main cause include Compassionate Food Ministries Inc ($63k), Interfaith Council on Poverty Inc ($63k) and Sunergos International ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $54k against liabilities of $6,309, net assets of $47k.