FOOD BANK COUNCIL OF MICHIGAN INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$175,789,562
Government Grants
71%
Contributions
29%
Program Services
<1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$175,655,382
Grants
96%
Other
2%
Salaries & Benefits
1%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$97,168,839
$51,271,507
-47%
Government Grants
$7,992,378
$124,118,333
+1453%
Fundraising Events
$0
$0
-
Program Services
$320,000
$320,000
+0%
Membership Dues
$0
$0
-
Investments
$60,073
$73,122
+22%
Other
$0
$6,600
-
Total Revenues
$105,541,290
$175,789,562
+67%
Expenses
2023
2024
Change
Grants
$102,961,463
$168,902,127
+64%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,717,296
$1,968,850
+15%
Fees to Service Providers
$259,793
$623,435
+140%
Advertising & Promotion
$130,395
$132,461
+2%
Offices, Occupancy & IT
$172,303
$188,284
+9%
Interest
$0
$0
-
Depreciation
$18,123
$16,166
-11%
Other
$233,158
$3,824,059
+1540%
Total Expenses
$105,492,531
$175,655,382
+67%
Net income
2023
2024
Change
Net income
+$48,759
+$134,180
+175%
Functional Expenses
Summary
2023
2024
Change
Program
$104,378,984
$174,861,901
+68%
Admin
$862,968
$571,114
-34%
Fundraising
$250,579
$222,367
-11%
Total Expenses
$105,492,531
$175,655,382
+67%
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