The Food Project Inc (EIN 04-3262532) - Income Statement, 990 Financials

The Food Project Inc

Lincoln, MA, US

•

a.k.a The Food Project

•

501(c)(3)

•

EIN

04-3262532

•

www.thefoodproject.org

•

Women Led

BIPOC Led

LGBTQ+ Led

The Food Project Inc

Lincoln, MA, US

•

a.k.a The Food Project

•

501(c)(3)

•

EIN

04-3262532

•

www.thefoodproject.org

•

Women Led

BIPOC Led

LGBTQ+ Led

Overview

Programs

990s

Income Statement

Balance Sheet

How to Apply

People

Board & Team

Financials

Financial Trends

Funding

Funders

Grants Received

Grantmaking

Giving Insights

Grantees

Grants Given

Overlap

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Income Statement

Fiscal Year Start:

Oct 1

Revenues in 2024

$3,026,389

Contributions

84%

Investments

Program Services

Other

<1%

Fundraising Events

<1%

Government Grants

Membership Dues

Expenses in 2024

$3,851,802

Salaries & Benefits

66%

Other

11%

Offices, Occupancy & IT

Fees to Service Providers

Depreciation

Advertising & Promotion

<1%

Grants

Benefits to Members

Interest

Revenues

2023

2024

Change

Contributions

$2,623,146

$2,529,436

-4%

Government Grants

$641,882

-100%

Fundraising Events

$10,800

$4,100

-62%

Program Services

$182,442

$221,166

+21%

Membership Dues

Investments

$114,715

$263,700

+130%

Other

$15,321

$7,987

-48%

Total Revenues

$3,588,306

$3,026,389

-16%

Expenses

2023

2024

Change

Grants

Benefits to Members

Salaries & Benefits

$2,517,853

$2,556,470

+2%

Fees to Service Providers

$435,650

$300,935

-31%

Advertising & Promotion

$21,050

$23,330

+11%

Offices, Occupancy & IT

$312,193

$360,659

+16%

Interest

Depreciation

$138,863

$181,160

+30%

Other

$396,156

$429,248

+8%

Total Expenses

$3,821,765

$3,851,802

+1%

Net income

2023

2024

Change

Net income

-$233,459

-$825,413

-254%

Functional Expenses

Summary

2023

2024

Change

Program

$2,693,669

$2,487,418

-8%

Admin

$664,694

$944,169

+42%

Fundraising

$463,402

$420,215

-9%

Total Expenses

$3,821,765

$3,851,802

+1%