ALABAMA FOOD BANK ASSOCIATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,761,161
Program Services
90%
Government Grants
6%
Other
2%
Investments
2%
Membership Dues
<1%
Contributions
0%
Fundraising Events
0%
Expenses in 2024
$8,544,802
Other
94%
Salaries & Benefits
4%
Offices, Occupancy & IT
1%
Fees to Service Providers
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$476,084
$534,391
+12%
Fundraising Events
$0
$0
-
Program Services
$3,222,056
$7,906,982
+145%
Membership Dues
$30,000
$32,198
+7%
Investments
$131,417
$140,893
+7%
Other
$30,822
$146,697
+376%
Total Revenues
$3,890,379
$8,761,161
+125%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$319,668
$341,729
+7%
Fees to Service Providers
$22,665
$45,990
+103%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$52,558
$107,375
+104%
Interest
$0
$0
-
Depreciation
$1,476
$1,546
+5%
Other
$3,331,162
$8,048,162
+142%
Total Expenses
$3,727,529
$8,544,802
+129%
Net income
2023
2024
Change
Net income
+$162,850
+$216,359
+33%
Functional Expenses
Summary
2023
2024
Change
Program
$3,679,239
$8,530,539
+132%
Admin
$1,476
$14,263
+866%
Fundraising
$46,814
$0
-100%
Total Expenses
$3,727,529
$8,544,802
+129%
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