Good Food Institute Inc
2503d N Harrison St 19, Arlington, VA · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $28,143,912 | $35,420,353 | $54,645,384 |
| FY2023 | $43,631,366 | $31,037,374 | $58,882,005 |
| FY2022 | $15,833,279 | $22,760,706 | $44,870,240 |
| FY2021 | $43,468,835 | $17,034,589 | $54,499,498 |
| FY2020 | $18,923,594 | $13,273,604 | $27,615,470 |
| FY2019 | $21,598,428 | $8,894,304 | $22,067,451 |
| FY2018 | $8,359,313 | $5,802,323 | $9,358,216 |
| FY2017 | $5,291,596 | $1,316,150 | $6,877,724 |
| FY2016 | $2,957,969 | $666,059 | $2,291,910 |
Form 990 filings
The returns filed by Good Food Institute Inc (EIN 81-0840578), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $26,774,736 | 95% |
| Program service revenue | $0 | 0% |
| Other revenue | $1,369,176 | 5% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $26,332,748 | 74% |
| Management & general | $5,739,655 | 16% |
| Fundraising | $3,347,950 | 9% |
What the numbers show
- Contributions & grants made up 95% of total revenue in FY2024.
- Program services accounted for 74% of functional expenses, management & general 16%, and fundraising 9%.
- 74% of functional expenses went to program services in FY2024. That is higher than 2.7% of 225 Food, Agriculture & Nutrition organizations nationwide (too few in VA for a state comparison).
- Net assets covered about 18.5 months of expenses at the end of the reporting year. That puts it in the 68th percentile among 132 Food, Agriculture & Nutrition organizations in VA.
- Total revenue was higher than 96.3% of 135 Food, Agriculture & Nutrition organizations in VA.
- Total revenue rose from $2,957,969 in FY2016 to $28,143,912 in FY2024. Revenue increased in 5 and decreased in 3 of 8 year-over-year comparisons.
- Expenses exceeded revenue in 2 of 9 reported years (FY2022, FY2024).
- The highest revenue on record here is $43,631,366 in FY2023.
- Net assets grew from $2,291,910 to $54,645,384 between FY2016 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
WE ARE DEVELOPING THE ROADMAP FOR A SUSTAINABLE, SECURE, AND JUST PROTEIN SUPPLY. WE IDENTIFY THE MOST EFFECTIVE SOLUTIONS, MOBILIZE RESOURCES AND TALENT, AND EMPOWER PARTNERS ACROSS THE FOOD SYSTEM TO MAKE ALTERNATIVE PROTEINS ACCESSIBLE, AFFORDABLE, AND DELICIOUS.
IRS status
| Ruling year | 2016 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | K03 — Food, Agriculture & Nutrition |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Feed More Inc — Richmond, VA · $96,180,731
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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