PROSPECT KC
Mission Statement
We are dedicated to empowering individuals through the innovative use of food as a tool for social change, increasing access to healthy and nutritious food, and addressing food insecurity within our communities. We commit to providing educational resources to foster healthy eating habits, rescuing fresh local food, and preparing nutritious meals. Through our workforce development initiative, we integrate comprehensive support services with education, job training, apprenticeships, and opportunities in employment and entrepreneurship. Our mission is to equip men, women, and youth with transferable skills that enhance their lives, families, and communities, tackling the root causes of generational poverty and hunger head-on.
Financial Overview — FY 2024
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
71.9% | 84.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.6% | 12.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.5% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
455.0% | 19.7% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-0.2 mo | 8.1 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
107.3% | 4.1% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.6% | 95.3% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
68.8% | 10.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
84.7% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-8.5% | 2.8% |
P10P90
|
Impact
2 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| improved health, gained nutrition, provided a inclusive environment, reducing waste | 602,283 | $5.50 | — | Per Day |
| reducing waste, providing nutrition, improving health | 903,425 | $0.20 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $994K | $804K | N/A | — | 32 |
| 2023 | $576K | $625K | $-9,576 | 71.9% | 21 |
| 2022 | $341K | $338K | N/A | — | 1 |
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