Los Angeles, CA

MERCADO LA PALOMA INC

EIN 47-1787000

Community & Economic Development Small Business & Entrepreneurship Latino communities Low-income

Mission

Mercado La Paloma operates a community market and small-business incubator that builds local economies, hosts cultural programming, and provides affordable retail and meeting space to residents and entrepreneurs in South Los Angeles.

IRS-recognized 501(c)(3) Contributions are tax-deductible

Claim this page Visit www.mercadolapaloma.com

About MERCADO LA PALOMA INC

Mercado La Paloma is a nonprofit project of Esperanza Community Housing Corporation that transformed a former garment factory into a neighborhood market and community hub. It offers affordable retail stalls, technical assistance, start-up support, rentable community space, and hosts arts and cultural events to strengthen local economic opportunity and neighborhood cohesion.

This profile was verified against public nonprofit records (EIN 47-1787000 appears in IRS/990-derived databases and on major nonprofit registries) and the organization’s official website. In the fiscal year ending December 31, 2024 Mercado La Paloma reported program-driven revenue of approximately $798,099 and expenses of $1,411,103; program services made up the bulk of revenue. In recent years the organization has continued tenant support, cultural programming, and partnerships while navigating operating deficits reflected on its most recent Form 990 filings.

Notable achievements

Launchpad for Small Businesses

Since opening in 2001 Mercado La Paloma has incubated dozens of small enterprises (the site reports 43 launched historically) and currently supports a cohort of local businesses that collectively created and sustain over 250 local jobs.

Market as Economic & Cultural Hub

The nonprofit successfully converted a disused industrial building into a year-round community market and events space that provides affordable vendor stalls, meeting-room rentals, and ongoing technical assistance to entrepreneurs.

High-profile Culinary Successes

Tenants from Mercado La Paloma have received city- and national-level recognition (including prominent press placements and guidebook honors) that have raised the profile of South Los Angeles food entrepreneurship.

At a glance

Total assets: $6.1M
Annual revenue: $798K
Tax status: 501(c)(3)
EIN: 47-1787000
Location: Los Angeles, CA
Website: www.mercadolapaloma.com
On Mahalo since: April 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Rated by Charity Navigator (profile visible under EIN 47-1787000) with assessment metrics that reflect Accountability & Finance performance.

Multiple Mercado tenants have been recognized in major local media and restaurant guides (including citations in Los Angeles–area press and guidebook listings in the 2020s).

Named and described in city and cultural resources as a notable community revitalization and cultural venue in the Figueroa Corridor / South Los Angeles.

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