TOLEDO NORTHWESTERN OHIO FOOD BANK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$14,400,665
Contributions
70%
Government Grants
26%
Investments
3%
Program Services
1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$12,844,135
Other
82%
Salaries & Benefits
6%
Fees to Service Providers
6%
Offices, Occupancy & IT
2%
Advertising & Promotion
2%
Depreciation
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,269,059
$10,042,651
-2%
Government Grants
$3,551,467
$3,699,670
+4%
Fundraising Events
$69,717
$11,245
-84%
Program Services
$220,680
$195,858
-11%
Membership Dues
$0
$0
-
Investments
$328,073
$364,606
+11%
Other
$143,994
$86,635
-40%
Total Revenues
$14,582,990
$14,400,665
-1%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$653,953
$776,345
+19%
Fees to Service Providers
$733,170
$758,154
+3%
Advertising & Promotion
$178,922
$253,829
+42%
Offices, Occupancy & IT
$279,148
$270,989
-3%
Interest
$5,707
$1,305
-77%
Depreciation
$225,996
$234,605
+4%
Other
$11,658,915
$10,548,908
-10%
Total Expenses
$13,735,811
$12,844,135
-6%
Net income
2023
2024
Change
Net income
+$847,179
+$1,556,530
+84%
Functional Expenses
Summary
2023
2024
Change
Program
$12,713,894
$11,873,259
-7%
Admin
$715,567
$502,072
-30%
Fundraising
$306,350
$468,804
+53%
Total Expenses
$13,735,811
$12,844,135
-6%
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