Charity Search / FULTON STREET FARMERS MARKET INC
Food, Agriculture & Nutrition (K99) 990 on File

FULTON STREET FARMERS MARKET INC

EIN: 46-2859250 · GRAND RAPIDS, MI 49503-3651 · United States · FY 2024 Data
3 out of 5 41 / 100 Based on 2+ years of filings
Financial strength (30%) 62/100
Reliability (20%) 50/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$350K
Total Revenue
$278K
Total Expenses
$332K
Net Assets
6
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 23.5%
Fundraising Efficiency N/A
Operating Reserve 14.33x
Liability-to-Asset 11.1%
Revenue Diversification 79.3%
Compared with Peers
FY 2024
Compared with 1,857 similar organizations (United States, Food, Agriculture & Nutrition, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
23.5% 89.7%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
73.0% 7.6%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
3.6% 0.0%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
14.3 mo 10.9 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
11.1% 0.6%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
79.3% 96.4%
P10P90
Above median
Revenue growth
Year over year revenue growth
20.2% 10.3%
P10P90
Expense growth
Year over year expense growth
15.1% 10.1%
P10P90
Surplus margin
Surplus as a share of revenue
20.6% 4.4%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $350K $278K $332K 23.5% 6
2023 $291K $241K $260K 18.7% 4
2022 $275K $205K $210K 25.1% 6
2021 $192K $148K $140K 25.2%
2020 $165K $151K N/A 1
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Organization Details
EIN
46-2859250
State
MI
City
GRAND RAPIDS
ZIP
49503-3651
Classification
K99
Category
Food, Agriculture & Nutrition
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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