FOOD BANK OF NORTHWEST INDIANA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$21,223,705
Contributions
51%
Government Grants
43%
Program Services
3%
Other
2%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$20,218,410
Other
85%
Salaries & Benefits
10%
Depreciation
2%
Offices, Occupancy & IT
2%
Fees to Service Providers
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$9,573,323
$10,803,349
+13%
Government Grants
$8,147,293
$9,220,038
+13%
Fundraising Events
$0
$0
-
Program Services
$217,525
$563,774
+159%
Membership Dues
$0
$0
-
Investments
$100,283
$185,558
+85%
Other
$491,264
$450,986
-8%
Total Revenues
$18,529,688
$21,223,705
+15%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,746,586
$1,929,157
+10%
Fees to Service Providers
$365,018
$281,609
-23%
Advertising & Promotion
$102,759
$114,421
+11%
Offices, Occupancy & IT
$402,799
$341,347
-15%
Interest
$0
$0
-
Depreciation
$321,848
$362,544
+13%
Other
$14,781,789
$17,189,332
+16%
Total Expenses
$17,720,799
$20,218,410
+14%
Net income
2023
2024
Change
Net income
+$808,889
+$1,005,295
+24%
Functional Expenses
Summary
2023
2024
Change
Program
$16,592,937
$19,135,906
+15%
Admin
$886,319
$877,671
-1%
Fundraising
$241,543
$204,833
-15%
Total Expenses
$17,720,799
$20,218,410
+14%
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