WASHINGTON, DC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BUDGIT FOUNDATION INCORPORATED, founded in 2021, is a small nonprofit in the Human Services sector that reported $660K in total revenue in fiscal year 2024. Expenses of $753K exceeded revenue, resulting in a 14% operating deficit.
THE MAIN ACTIVITY OF THE ORGANIZATION WILL BE TO USE CREATIVE TECHNOLOGY TO SIMPLIFY PUBLIC INFORMATION, STIMULATING A COMMUNITY OF ACTIVE CITIZENS AND ENABLING THEIR RIGHT TO DEMAND ACCOUNTABILITY, INSTITUTIONAL REFORMS, EFFICIENT SERVICE DELIVERY AND EQUITABLE SOCIETY. ADDITIONALLY, THE ORGANIZATION WILL OFFER BUDGET ACCESS WITH IMPACT ANALYSIS FOR MARGINALIZED PERSONS, CIVIC TECHNOLOGY, POLICY ANALYSIS, BUDGET SIMPLIFICATION, AND ARTIFICIAL INTELLIGENCE FOR GOOD.
DELIVERY OF AN INTERACTIVE ENGINE TO VISUALIZE THE BUDGETS BY CITIZENS, SUPPORT FOR ACCESS TO PUBLIC BUDGETS IN SENEGAL AND GHANA AS SUPPORTED BY THE HEWLETT FOUNDATION, REDESIGN OF CURRENT WEBSITE...
DELIVERY OF AN INTERACTIVE ENGINE TO VISUALIZE THE BUDGETS BY CITIZENS, SUPPORT FOR ACCESS TO PUBLIC BUDGETS IN SENEGAL AND GHANA AS SUPPORTED BY THE HEWLETT FOUNDATION, REDESIGN OF CURRENT WEBSITE FOR CHICAGO BUDGET ANALYSIS AND VISUALIZATION. THESE ACTIVITIES WILL BE CONDUCTED BY THE BOARD OF DIRECTORS, VOLUNTEERS, AND ANY PAID PROFESSIONALS THAT THE ORGANIZATION CHOOSES TO HIRE. THE ACTIVITIES WILL BE HEADQUARTERED IN WASHINGTON D.C, THOUGH WE HOPE TO HAVE A NATIONAL REACH. THE ORGANIZATION ALLOCATES 60% OF ITS TOTAL TIME TO ITS PROGRAMMATIC ACTIVITIES TOWARDS SIGNIFICANTLY EXPANDING ITS IMPACT IN WEST AFRICA, WHILE 40% WILL BE DEDICATED TO FUNDRAISING INITIATIVES. THE ACTIVITIES WILL BE FUNDED THROUGH DONATIONS, CORPORATE SPONSORS, AND GRANTS. THE ORGANIZATION WILL ALLOCATE 100% OF ITS OVERALL EXPENSES TO ITS ACTIVITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $659,802 | $627,505 | +0.1% |
| Expenses | $753,225 | $329,991 | +1.3% |
| Net Income | $-93,423 | $297,514 | -1.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| OLUSEUN ONIGBINDE | PRESIDENT/CE | 40.00 |
Officer
|
$294,072 | $0 | $294,072 |
| ABIOLA AFOLABI | SEC./INT'L P | 40.00 |
Officer
|
$67,337 | $0 | $67,337 |
| FOLASHAYO BABALOLA | TREASURER | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $659,802 | $753,225 | $452,447 | $-93,423 |
| 2023 | $627,505 | $329,991 | $310,521 | $297,514 |
| 2022 | $312,381 | $299,374 | $13,007 | $13,007 |
Compare BUDGIT FOUNDATION INCORPORATED with other nonprofits in District of Columbia and across the country.