FONDY FOOD CENTER INC
Mission Statement
The Fondy Food Center connects Greater Milwaukee to local, fresh food – from farm to market to table – so that children learn better, adults live healthier, and communities celebrate cultural food tradition. The organization brings healthy food and economic opportunity to Greater Milwaukee by operating local farmers markets throughout the year; providing access to land, resources and support to small-scale farmers; and building a better food system to improve food security & food justice in our community. Our mission is The Fondy Food Center connects Greater Milwaukee to local, fresh food – from farm to market to table – so that children learn better, adults live healthier, and communities celebrate cultural food tradition
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.1% | 89.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.8% | 7.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
183.9% | 13.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
12.6 mo | 10.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
13.4% | 0.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
87.6% | 96.4% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
9.0% | 10.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
25.4% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.3% | 4.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $689K | $652K | $686K | 74.1% | 9 |
| 2023 | $632K | $520K | $448K | 70.0% | 9 |
| 2022 | $485K | $508K | $337K | 60.4% | 8 |
| 2021 | $496K | $501K | N/A | — | 12 |
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