GLEANERS COMMUNITY FOOD BANK OF SOUTHEASTERN MICHIGAN
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$116,054,724
Contributions
90%
Program Services
7%
Government Grants
2%
Investments
<1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$110,663,486
Grants
82%
Salaries & Benefits
11%
Other
2%
Fees to Service Providers
2%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$82,727,189
$104,063,106
+26%
Government Grants
$1,890,435
$2,334,672
+23%
Fundraising Events
$336,036
$372,012
+11%
Program Services
$8,238,941
$7,723,725
-6%
Membership Dues
$0
$0
-
Investments
$905,823
$959,623
+6%
Other
$419,698
$601,586
+43%
Total Revenues
$94,518,122
$116,054,724
+23%
Expenses
2023
2024
Change
Grants
$71,663,803
$90,808,488
+27%
Benefits to Members
$0
$0
-
Salaries & Benefits
$10,123,450
$11,626,258
+15%
Fees to Service Providers
$2,288,967
$2,405,877
+5%
Advertising & Promotion
$515,344
$434,052
-16%
Offices, Occupancy & IT
$2,821,705
$2,302,267
-18%
Interest
$105,474
$67,711
-36%
Depreciation
$360,406
$359,744
0%
Other
$3,157,604
$2,659,089
-16%
Total Expenses
$91,036,753
$110,663,486
+22%
Net income
2023
2024
Change
Net income
+$3,481,369
+$5,391,238
+55%
Functional Expenses
Summary
2023
2024
Change
Program
$83,388,004
$102,443,577
+23%
Admin
$3,052,780
$3,152,638
+3%
Fundraising
$4,595,969
$5,067,271
+10%
Total Expenses
$91,036,753
$110,663,486
+22%
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