Financial Information for Formation Project

Formation Project's annual revenue was $1.0M in tax year 2024, reported on their IRS Form 990. They spent $656K in total expenses. 83% went to programs and services.

Financial Breakdown

What is Formation Project's total annual expenses?

Formation Project spent $656K in tax year 2024, according to their IRS Form 990 filing.

How much of Formation Project's budget goes to programs?

Formation Project spent $546K (83% of expenses) on programs and services in tax year 2024.

How much does Formation Project spend on overhead?

Formation Project's overhead in tax year 2024 includes administrative (11%) and fundraising (6%) of their expenses.

What is Formation Project's net worth?

Formation Project had net assets of $604K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.