SOUTH MICHIGAN FOOD BANK
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$23,886,390
Contributions
N/A
Program Services
N/A
Government Grants
N/A
Investments
N/A
Fundraising Events
N/A
Membership Dues
N/A
Expenses in 2024
$24,004,983
Grants
85%
Salaries & Benefits
9%
Other
3%
Fees to Service Providers
1%
Depreciation
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$24,580,097
$21,886,778
-11%
Government Grants
$0
$452,658
-
Fundraising Events
$0
$0
-
Program Services
$1,504,310
$1,429,426
-5%
Membership Dues
$0
$0
-
Investments
$102,568
$125,880
+23%
Other
$23,692
-$8,352
-135%
Total Revenues
$26,210,667
$23,886,390
-9%
Expenses
2023
2024
Change
Grants
$22,489,722
$20,433,811
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,918,739
$2,139,683
+12%
Fees to Service Providers
$250,845
$267,148
+6%
Advertising & Promotion
$63,647
$54,274
-15%
Offices, Occupancy & IT
$134,395
$165,230
+23%
Interest
$0
$0
-
Depreciation
$232,402
$235,400
+1%
Other
$995,482
$709,437
-29%
Total Expenses
$26,085,232
$24,004,983
-8%
Net income
2023
2024
Change
Net income
+$125,435
-$118,593
-195%
Functional Expenses
Summary
2023
2024
Change
Program
$24,993,341
$22,729,257
-9%
Admin
$594,662
$704,433
+18%
Fundraising
$497,229
$571,293
+15%
Total Expenses
$26,085,232
$24,004,983
-8%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)