Michigan · Nonprofit
EASTERN MARKET CORPORATION
EASTERN MARKET CORPORATION (Michigan) receives grants from 43 organizations whose IRS filings report $19,936,224 to it, the largest being WK Kellogg Foundation ($4,950,000). 29 of them have funded it in more than one year.
- Revenue FY2024
- $6.8M
- Funders on record
- 43
- Grants received
- $20M
- Net assets
- $14M
What Eastern Market Corporation does
Mission
Eastern market is organized to combat community deterioration and to lessen the burdens of government in managing its public market that has served detroit since 1891. Eastern market operates the market under an agreement with the city of detroit, which owns the facility. Eastern market has developed a capital improvement plan and is implementing a series of capital improvements to improve the market's ability to serve as a food center for detroit and as a catalyst for economic development. The stakeholders' vision for the eastern market district (the "market") is to leverage the attraction and legacy of the market, to build a dynamic, diverse, and unique urban district, and to strengthen the identity of the market as a food-related district by enhancing the operations of the existing public market and by developing business opportunities for specialty food retailers, food wholesale operations, restaurants, food distributors, and food processors.
As stated on its FY2024 Form 990.
Programs
Public market activities: fees for the use of market facilities and lots, as well as shed stall leases to provide market vendors access to the public in a centralized location including 52 saturday markets, numerous sunday and tuesday markets, and several private facility rentals.
$3,880,501 spentof which $439,253 as grants$1,426,469 earned by the program85% of program spendingFood access support program: community based pop-up mobile market that improves access to fresh, healthy food and provides nutrition education.
$670,475 spent$128,604 earned by the program15% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $4,550,976.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $11M to $14M (+31%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 10% · 2020 30% · 2021 17% · 2022 14% · 2023 9% · 2024 28%. Grants only. Government contracts and fees sit inside program revenue.
76% of EASTERN MARKET CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (94% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Daniel Carmody
CEO (term 12/2024)
Board chair
Cindy Pasky
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 13 funders to 14 funders, grant income rose $1.6M → $3.6M.
6 of 43 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $354k from one payer (the payer shares this organization's board, largest Eastern Market Development Corporation). These are real filings, and they are not money EASTERN MARKET CORPORATION raised.
From the IRS filings of EASTERN MARKET CORPORATION’s funders (the co-funder graph). Top 30 of 43 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
EASTERN MARKET CORPORATION has a broad base — no single funder exceeds 25% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
Largest funder’s share by year: 2017 40% · 2018 32% · 2019 33% · 2020 28% · 2021 39% · 2022 24% · 2023 42% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
45% of EASTERN MARKET CORPORATION's funders are still giving 3 years after their first grant; 67% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
90% of EASTERN MARKET CORPORATION's grant income comes from Michigan funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.9M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
EASTERN MARKET CORPORATION runs a healthier operating margin than half of the 1,130 food & nutrition nonprofits its size.
this organization peer median middle 50% of peers· 1,130 food & nutrition nonprofits $1M–$10M, FY2024
Government funding EASTERN MARKET CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $6.1M on record.
- Department of Housing and Urban Development$3.9M
- Department of Agriculture$2.2M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like EASTERN MARKET CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Michigan
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Public support
64%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- Eastern Market Development Corporation · exempt
- Emdc Shed 7 Supporting Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for EASTERN MARKET CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds EASTERN MARKET CORPORATION?
- EASTERN MARKET CORPORATION (Michigan) receives grants from 43 organizations whose IRS filings report $19,936,224 to it, the largest being WK Kellogg Foundation ($4,950,000). 29 of them have funded it in more than one year.
- How many funders does EASTERN MARKET CORPORATION have?
- IRS filings report 43 organizations giving $19,936,224 in grants to EASTERN MARKET CORPORATION, 29 of which have funded it in more than one year.
- Who is the largest funder of EASTERN MARKET CORPORATION?
- WK Kellogg Foundation is the largest funder on record, with $4,950,000 in grants. The full list of funders is on this page.
- How can an organization like EASTERN MARKET CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 43 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing