LEXINGTON MARKET INC Charity Report

Tax-exempt status may be revoked

LEXINGTON MARKET INC

EIN 52-1163034 · Food, Agriculture & Nutrition (K300)

What they do

to MANAGE LEXINGTON MARKET ON BEHALF of THE CITY of BALTIMORE.

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

57.63%of revenue went to mission work76.5% of expenses · Program services

$75.35spent for every $100 of revenueRevenue covered expenses this year.

17.72%of revenue went to management and office costs23.5% of expenses

$7.61in assets for every $1 spent this yearSome assets cannot be spent right away.

55.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $145,569 for BENNICE THAYER (DIR. OF FINANCE AND ADMIN.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,979,904

Mission workProgram services$3,446,19757.63% of revenue76.5% of expenses

ManagementOffice and general costs$1,059,87517.72% of revenue23.5% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$1,473,83224.65% of revenueShown in gray on the chart

Total expenses$4,506,07275.35% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 76.5% mission · 23.5% management · 0.0% fundraisingTotal expenses: 75.35% of revenue

2020Expense mix: 79.3% mission · 20.7% management · 0.0% fundraisingTotal expenses: 39.46% of revenue

2019Expense mix: 81.0% mission · 19.0% management · 0.0% fundraisingTotal expenses: 46.40% of revenue

2018Expense mix: 81.3% mission · 18.7% management · 0.0% fundraisingTotal expenses: 114.71% of revenue

2017Expense mix: 70.5% mission · 25.8% management · 3.7% fundraisingTotal expenses: 92.74% of revenue

2016Expense mix: 99.0% mission · 1.0% management · 0.0% fundraisingTotal expenses: 100.23% of revenue

2015Expense mix: 97.8% mission · 2.2% management · 0.0% fundraisingTotal expenses: 95.95% of revenue

Money in and money out

Revenue$5,979,904

Expenses$4,506,072

Annual surplus $1,473,832 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,446,197 · 76.5% of expenses

Management and office costs$1,059,875 · 23.5% of expenses

See all reported dollar amounts

Revenue$5,979,904

Expenses$4,506,072

Assets$34,272,754

Income$10,503,447

Contributions$3,313,589

Mission work (program services)$3,446,197

Management and general$1,059,875

Executive compensation (total)$162,639

Stocks and bonds$877,529

Accounting fees$28,000

People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

BENNICE THAYERDIR. OF FINANCE AND ADMIN. · 20 hrs/week $145,569Base $128,029 · Other $17,540

DAVID ODONNELLDIRECTOR OF DEVELOPMENT · 40 hrs/week $133,092Base $116,655 · Other $16,437

ROBERT THOMAS EXEC DIRECTOR& BOARD SECRETARY UNTIL JULY 2021 · 20 hrs/week $120,742Base $107,201 · Other $13,541

PAUL RUPPERT PRESIDENTCEO& BOARD SECRETARY AS OF JULY 2021 · 20 hrs/week $90,203Base $86,573 · Other $3,630

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

BENNICE THAYERDIR. OF FINANCE AND ADMIN.

DAVID ODONNELLDIRECTOR OF DEVELOPMENT

ROBERT THOMAS EXEC DIRECTOR& BOARD SECRETARY UNTIL JULY 2021

PAUL RUPPERT PRESIDENTCEO& BOARD SECRETARY AS OF JULY 2021

ARNOLD WILLIAMSDIRECTOR

BARB CLAPPDIRECTOR

COLIN TARBERTBOARD CHAIR

JAMES L HUGHESDIRECTOR

JENNELL ROGERSTREASURER

JOHN CARROLL WEISS IIIDIRECTOR

JOHN M PEZZULLADIRECTOR

JOSHUA E NEIMANDIRECTOR

About this charity

Recognized since: November 1981
Location: 400 WEST LEXINGTON STREET, BALTIMORE, MD 21201
County: Baltimore (city)
In care of: PAUL RUPPERT
Primary officer: PAUL RUPPERT, PRESIDENT & CEO

How to reach them

WebsiteVisit the charity’s website Emailcommunications@baltimoremarkets.org Phone(410) 685-6169

Filing and classification

Latest tax year: 2021
Tax period began: July 1, 2021
Return type: 990
Tax preparer: JM&M
NTEE classification: Food, Agriculture & Nutrition (K300)
IRS tax category: Community Food Services
Revocation date: November 15, 2025