FEEDING AMERICA WEST MICHIGAN
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$62,677,483
Contributions
89%
Government Grants
7%
Program Services
4%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$60,378,764
Grants
83%
Salaries & Benefits
9%
Other
4%
Offices, Occupancy & IT
1%
Depreciation
1%
Fees to Service Providers
1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$46,267,499
$55,594,403
+20%
Government Grants
$5,089,979
$4,308,208
-15%
Fundraising Events
$0
$0
-
Program Services
$2,304,109
$2,534,389
+10%
Membership Dues
$0
$0
-
Investments
$293,412
$183,905
-37%
Other
$207,824
$56,578
-73%
Total Revenues
$54,162,823
$62,677,483
+16%
Expenses
2023
2024
Change
Grants
$41,576,044
$49,920,709
+20%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,962,864
$5,381,363
+8%
Fees to Service Providers
$652,461
$731,575
+12%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$727,357
$885,024
+22%
Interest
$0
$0
-
Depreciation
$715,203
$791,978
+11%
Other
$2,413,659
$2,668,115
+11%
Total Expenses
$51,047,588
$60,378,764
+18%
Net income
2023
2024
Change
Net income
+$3,115,235
+$2,298,719
-26%
Functional Expenses
Summary
2023
2024
Change
Program
$48,584,725
$57,898,518
+19%
Admin
$1,113,943
$1,168,699
+5%
Fundraising
$1,348,920
$1,311,547
-3%
Total Expenses
$51,047,588
$60,378,764
+18%
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