FOOD RESEARCH AND ACTION CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$20,791,928
Government Grants
69%
Contributions
25%
Program Services
5%
Fundraising Events
1%
Other
<1%
Membership Dues
0%
Investments
0%
Expenses in 2024
$21,482,914
Grants
61%
Salaries & Benefits
28%
Fees to Service Providers
5%
Other
3%
Offices, Occupancy & IT
3%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$8,604,651
$5,159,434
-40%
Government Grants
$6,134,520
$14,268,564
+133%
Fundraising Events
$212,500
$224,155
+5%
Program Services
$801,980
$1,105,122
+38%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$816,863
$34,653
-96%
Total Revenues
$16,570,514
$20,791,928
+25%
Expenses
2023
2024
Change
Grants
$4,974,754
$13,077,807
+163%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,275,958
$5,970,050
-18%
Fees to Service Providers
$847,402
$1,058,934
+25%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$680,741
$577,363
-15%
Interest
$0
$0
-
Depreciation
$91,696
$86,597
-6%
Other
$920,146
$712,163
-23%
Total Expenses
$14,790,697
$21,482,914
+45%
Net income
2023
2024
Change
Net income
+$1,779,817
-$690,986
-139%
Functional Expenses
Summary
2023
2024
Change
Program
$12,863,584
$20,251,278
+57%
Admin
$1,212,314
$781,532
-36%
Fundraising
$714,799
$450,104
-37%
Total Expenses
$14,790,697
$21,482,914
+45%
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