FOOD BANK OF THE STATE COLLEGE AREA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,672,059
Contributions
79%
Other
16%
Government Grants
3%
Investments
2%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$1,876,739
Grants
46%
Other
21%
Salaries & Benefits
16%
Offices, Occupancy & IT
8%
Depreciation
8%
Fees to Service Providers
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,743,831
$2,902,788
+6%
Government Grants
$70,790
$103,179
+46%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$54,069
$60,355
+12%
Other
$15,270
$605,737
+3867%
Total Revenues
$2,883,960
$3,672,059
+27%
Expenses
2023
2024
Change
Grants
$861,065
$855,431
-1%
Benefits to Members
$0
$0
-
Salaries & Benefits
$258,774
$307,163
+19%
Fees to Service Providers
$20,057
$18,775
-6%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$115,361
$154,322
+34%
Interest
$3,196
$0
-100%
Depreciation
$90,498
$147,751
+63%
Other
$335,369
$393,297
+17%
Total Expenses
$1,684,320
$1,876,739
+11%
Net income
2023
2024
Change
Net income
+$1,199,640
+$1,795,320
+50%
Functional Expenses
Summary
2023
2024
Change
Program
$1,562,754
$1,725,718
+10%
Admin
$86,352
$108,122
+25%
Fundraising
$35,214
$42,899
+22%
Total Expenses
$1,684,320
$1,876,739
+11%
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