BREAD OF LIFE INC

Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,466,815
Contributions
53%
Government Grants
34%
Other
10%
Investments
4%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,141,136
Salaries & Benefits
49%
Other
26%
Depreciation
9%
Offices, Occupancy & IT
8%
Interest
5%
Advertising & Promotion
2%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$931,820
$772,941
-17%
Government Grants
$196,716
$496,031
+152%
Fundraising Events
$160,836
$0
-100%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$34,762
$57,172
+64%
Other
$0
$140,671
-
Total Revenues
$1,324,134
$1,466,815
+11%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$519,347
$556,913
+7%
Fees to Service Providers
$11,000
$16,663
+51%
Advertising & Promotion
$2,357
$18,766
+696%
Offices, Occupancy & IT
$137,035
$91,142
-33%
Interest
$0
$53,909
-
Depreciation
$40,470
$107,073
+165%
Other
$197,369
$296,670
+50%
Total Expenses
$907,578
$1,141,136
+26%
Net income
2023
2024
Change
Net income
+$416,556
+$325,679
-22%
Functional Expenses
Summary
2023
2024
Change
Program
$727,808
$902,978
+24%
Admin
$109,209
$137,468
+26%
Fundraising
$70,561
$100,690
+43%
Total Expenses
$907,578
$1,141,136
+26%
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