IOWA FOOD BANK ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$749,057
Government Grants
74%
Contributions
21%
Membership Dues
4%
Investments
<1%
Fundraising Events
0%
Program Services
0%
Other
0%
Expenses in 2024
$1,040,507
Fees to Service Providers
54%
Grants
29%
Salaries & Benefits
9%
Other
5%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,114,497
$158,576
-86%
Government Grants
$0
$553,706
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$121,250
$31,875
-74%
Investments
$1,430
$4,900
+243%
Other
$0
$0
-
Total Revenues
$1,237,177
$749,057
-39%
Expenses
2023
2024
Change
Grants
$110,317
$300,383
+172%
Benefits to Members
$0
$0
-
Salaries & Benefits
$92,639
$88,478
-4%
Fees to Service Providers
$483,849
$561,471
+16%
Advertising & Promotion
$12,389
$14,523
+17%
Offices, Occupancy & IT
$22,912
$23,984
+5%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$28,651
$51,668
+80%
Total Expenses
$750,757
$1,040,507
+39%
Net income
2023
2024
Change
Net income
+$486,420
-$291,450
-160%
Functional Expenses
Summary
2023
2024
Change
Program
$579,697
$807,240
+39%
Admin
$171,060
$233,267
+36%
Fundraising
$0
$0
-
Total Expenses
$750,757
$1,040,507
+39%
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