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Charlotte City Market

EIN 27-4202998 · Charlotte, NC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair64 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MARKET AT 7TH STREET IS A MISSION-BASED NONPROFIT THAT COMBINES CULINARY AND RETAIL INNOVATION, ECONOMIC OPPORTUNITY, AND A SENSE OF BELONGING. THE MARKET: 1) INCUBATES NEW FOOD AND RETAIL BUSINESSES, 2) SUPPORTS ECONOMIC MOBILITY THROUGH ENTREPRENEURSHIP, AND 3) BUILDS COMMUNITY WELLNESS, AS A WELCOMING COMMONS FOR ALL.

Income
$737,206
Spending
$815,948
Spent on programs
84%
Reserves
2.4 months of spending
Largest source of income
fees for its services, 60%
Employees
7
Volunteers
25
Highest pay
$101,906, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 64 out of 100. Higher than 30% of charities in its peer group (health care, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.4 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 11% of income.

  • Income trend

    15 of 15

    Income rose 26% on the year before.

  • Spending floor

    15 of 15

    84% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 72% of charities in its peer group (health care, $250k to $1m).

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $687,702 spent. THE MARKET RESERVES A PERCENTAGE OF SPACES FOR EARLY-STAGE, LOCAL ENTREPRENEURS, CHEFS, RETAILERS, AND MAKERS. THE MARKET PROVIDES BELOW-MARKET AND SCALABLE RENTS, MARKETING SUPPORT, EXPERIENTIAL EDUCATION PROGRAMS, ACCESS TO RESOURCES, AND MENTORSHIP SUPPORT THROUGH THE EARLY STAGES OF BUSINESS DEVELOPMENT.
  2. MANY OF THE MARKET'S EARLY ENTREPRENEURS ARE WHO ARE QUALIFIED AND UNDER-CAPITALIZED OWNERS THAT ARE LAUNCHING THEIR FIRST BUSINESSES. THE MARKET SUPPORTS THEM AS THEY NAVIGATE THE FIRST YEARS SO THEY ARE STRENGTHENING ALL AREAS OF THEIR BUSINESS.
  3. THE MARKET IS THE DESIRED DESTINATION TO DEVELOP INNOVATIVE FOOD AND RETAIL CONCEPTS AND THE AUTHENTIC COMMUNITY GATHERING SPOT FOR ALL RESIDENTS AND VISITORS.
  4. THE MARKET LAUNCHED ITS EXPERIENTIAL EDUCATION PROGRAM, THE HUB FOR INCLUSIVITY, INNOVATION, AND ENTREPRENEURSHIP (HIIVE). HIIVE HAS GRADUATED OVER 60 SMALL BUSINESSES THROUGH ITS 9-WEEK CURRICULUM FOCUSED ON BOLSTERING BUSINESS FUNDAMENTALS AND HELPING ALIGN THEIR SMALL BUSINESS WITH THE BUSINESS OF CENTER CITY.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2010.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.