FREESTORE FOODBANK INC
FREESTORE FOODBANK INC
FREESTORE FOODBANK INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$94,237,479
Contributions
71%
Government Grants
22%
Program Services
4%
Other
2%
Fundraising Events
<1%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$95,805,483
Other
80%
Salaries & Benefits
13%
Offices, Occupancy & IT
3%
Fees to Service Providers
2%
Depreciation
1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$53,030,480
$66,807,717
+26%
Government Grants
$10,888,140
$20,736,603
+90%
Fundraising Events
$539,300
$526,834
-2%
Program Services
$3,966,239
$4,122,417
+4%
Membership Dues
$0
$0
-
Investments
$349,302
$468,514
+34%
Other
$5,480,440
$1,575,394
-71%
Total Revenues
$74,253,901
$94,237,479
+27%
Expenses
2023
2024
Change
Grants
$1,753,490
$640,558
-63%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,849,555
$12,094,646
+11%
Fees to Service Providers
$1,381,664
$1,870,395
+35%
Advertising & Promotion
$153,092
$0
-100%
Offices, Occupancy & IT
$2,142,023
$2,527,331
+18%
Interest
$482,491
$312,392
-35%
Depreciation
$384,260
$1,332,752
+247%
Other
$53,386,899
$77,027,409
+44%
Total Expenses
$70,533,474
$95,805,483
+36%
Net income
2023
2024
Change
Net income
+$3,720,427
-$1,568,004
-142%
Functional Expenses
Summary
2023
2024
Change
Program
$65,359,868
$89,091,777
+36%
Admin
$3,105,959
$4,021,594
+29%
Fundraising
$2,067,647
$2,692,112
+30%
Total Expenses
$70,533,474
$95,805,483
+36%
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