MUSICALLY FED
Mission Statement
In the United States alone, nearly 40% of the food supply is wasted each year. The mission of Musically Fed is to mobilize the music industry in the fight against hunger. We work with artists, promoters, management and venues nationwide to donate unused backstage meals to community organizations that feed people facing homelessness, hunger and food insecurity. Musically Fed identifies the opportunities, procures the resources, and coordinates all aspects of food handling, transport, and distribution. Our daily goal is to make it easy for promoters and performers to leave each city they visit with a lasting positive impact. Over the past nine years, our Phoenix-based non-profit has provided meals to thousands in need across America. Your support enables us to grow.
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
|
66.9% | 89.7% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
32.1% | 7.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.0% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
21.2 mo | 10.9 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
77.7% | 96.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-24.6% | 10.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
17.3% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.0% | 4.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $237K | $225K | $398K | 66.9% | 5 |
| 2023 | $314K | $192K | $386K | 62.8% | 5 |
| 2022 | $222K | $191K | $264K | 60.2% | 5 |
| 2021 | $479K | $209K | N/A | — | 4 |
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