FOOD BANK OF NORTHERN INDIANA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$26,682,943
Contributions
63%
Government Grants
32%
Program Services
4%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$25,059,832
Grants
91%
Salaries & Benefits
4%
Fees to Service Providers
2%
Other
1%
Depreciation
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$12,591,679
$16,894,857
+34%
Government Grants
$6,696,800
$8,516,778
+27%
Fundraising Events
$0
$0
-
Program Services
$1,477,520
$1,026,432
-31%
Membership Dues
$0
$0
-
Investments
$43,603
$244,876
+462%
Other
$0
$0
-
Total Revenues
$20,809,602
$26,682,943
+28%
Expenses
2023
2024
Change
Grants
$19,010,056
$22,824,276
+20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,031,509
$1,087,363
+5%
Fees to Service Providers
$394,018
$431,107
+9%
Advertising & Promotion
$51,430
$8,825
-83%
Offices, Occupancy & IT
$201,314
$178,716
-11%
Interest
$0
$0
-
Depreciation
$198,684
$216,644
+9%
Other
$312,854
$312,901
+0%
Total Expenses
$21,199,865
$25,059,832
+18%
Net income
2023
2024
Change
Net income
-$390,263
+$1,623,111
-516%
Functional Expenses
Summary
2023
2024
Change
Program
$20,200,887
$24,010,521
+19%
Admin
$456,406
$456,035
0%
Fundraising
$542,572
$593,276
+9%
Total Expenses
$21,199,865
$25,059,832
+18%
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