MIDWEST FOOD BANK NFP
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$556,728,681
Contributions
99%
Government Grants
<1%
Other
<1%
Investments
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$545,939,846
Other
98%
Salaries & Benefits
1%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$501,996,704
$550,720,166
+10%
Government Grants
$2,153,397
$3,760,388
+75%
Fundraising Events
$0
$0
-
Program Services
$117,565
$61,888
-47%
Membership Dues
$0
$0
-
Investments
$256,664
$384,756
+50%
Other
$1,475,320
$1,801,483
+22%
Total Revenues
$505,999,650
$556,728,681
+10%
Expenses
2023
2024
Change
Grants
$19,070
$11,056
-42%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,861,904
$5,664,323
+17%
Fees to Service Providers
$283,671
$327,690
+16%
Advertising & Promotion
$195,724
$156,158
-20%
Offices, Occupancy & IT
$2,803,556
$2,577,105
-8%
Interest
$16,476
$13,751
-17%
Depreciation
$1,535,517
$1,541,024
+0%
Other
$493,549,684
$535,648,739
+9%
Total Expenses
$503,265,602
$545,939,846
+8%
Net income
2023
2024
Change
Net income
+$2,734,048
+$10,788,835
+295%
Functional Expenses
Summary
2023
2024
Change
Program
$500,510,288
$542,938,182
+8%
Admin
$1,552,509
$1,628,713
+5%
Fundraising
$1,202,805
$1,372,951
+14%
Total Expenses
$503,265,602
$545,939,846
+8%
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