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Cleveland Public Market Corporation

EIN 92-3866177 · Cleveland, OH

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

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceWeak40 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 45% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

CLEVELAND PUBLIC MARKET CORPORATIONS MISSION IS TO PRESERVE THE CITY'S PUBLIC MARKET TRADITION WHILE MAKING THE LOCAL FOOD SYSTEM MORE ACCESSIBLE, EQUITABLE, AND DIVERSE.

Income
$11.1 million
Spending
$1.8 million
Spent on programs
45%
Reserves
-7.3 months of spending
Largest source of income
government grants, 91%
Employees
10
Volunteers
0
Highest pay
$63,946, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 27% of charities in its peer group (community improvement, $10m to $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 84% of income.

  • Income trend

    15 of 15

    Income rose 913% on the year before.

  • Spending floor

    0 of 15

    45% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 40 out of 100. Higher than 0% of charities in its peer group (community improvement, $10m to $100m).

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    0 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 December 31, 2024, 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 (1)
  1. $791,998 spent. THROUGH CLEVELAND PUBLIC MARKET CORPORATIONS (CPMC) WORK, WEST SIDE MARKET BRINGS JOY AS AN AUTHENTICALLY CLEVELAND PLACE TO SHOP FROM LOCAL FOOD ENTREPRENEURS. THROUGH OPERATIONS OVERSIGHT, PROGRAMS, AND PARTNERSHIPS, CPMC WORKS TO FULFILL THE FOLLOWING VISIONS FOR WEST SIDE MARKET: DIVERSE, THRIVING INDEPENDENT BUSINESSES SHARE THEIR KNOWLEDGE AND PASSION FOR FRESH, SPECIALTY, AND PREPARED FOODS AND LOCAL FARM PRODUCTS WITH A CONTINUALLY GROWING BASE OF CUSTOMERS. FUNCTIONAL NEEDS OF MERCHANTS AND CONSUMERS ARE MET WITH WELL-PRESERVED AND MAINTAINED FACILITIES, UPDATED FOR SUSTAINABILITY THE MARKET IS A VIBRANT, WELCOMING PLACE FOR REGIONAL RESIDENTS AND MUST-GO DESTINATION FOR VISITORS THE MARKET PLAYS A CENTRAL ROLE IN THE REGIONAL FOOD SYSTEM, EXPANDING EQUITABLE ACCESS TO FRESH FOOD, SUPPORTING LOCAL GROWERS, IMPROVING COMMUNITY WELLNESS, AND OFFERING OPPORTUNITIES TO DISCOVER, CELEBRATE, AND CONTRIBUTE TO CLEVELAND'S CULINARY CULTURE.

Source: Form 990 for the year ending December 31, 2024, 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 October 13, 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 December 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 June 2023.

    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 October 21, 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.