FOOD BANK OF SIOUXLAND INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$8,262,508
Contributions
76%
Government Grants
18%
Program Services
4%
Fundraising Events
<1%
Investments
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$8,699,860
Grants
75%
Other
12%
Salaries & Benefits
8%
Fees to Service Providers
3%
Depreciation
<1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$5,601,312
$6,263,128
+12%
Government Grants
$768,096
$1,522,752
+98%
Fundraising Events
$62,235
$76,717
+23%
Program Services
$294,737
$344,226
+17%
Membership Dues
$0
$0
-
Investments
$24,445
$28,754
+18%
Other
$3,237
$26,931
+732%
Total Revenues
$6,754,062
$8,262,508
+22%
Expenses
2023
2024
Change
Grants
$5,041,342
$6,520,373
+29%
Benefits to Members
$0
$0
-
Salaries & Benefits
$622,117
$737,075
+18%
Fees to Service Providers
$232,891
$269,573
+16%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$56,068
$56,253
+0%
Interest
$0
$0
-
Depreciation
$60,397
$61,141
+1%
Other
$1,032,067
$1,055,445
+2%
Total Expenses
$7,044,882
$8,699,860
+23%
Net income
2023
2024
Change
Net income
-$290,820
-$437,352
-50%
Functional Expenses
Summary
2023
2024
Change
Program
$6,694,365
$8,292,338
+24%
Admin
$49,398
$65,529
+33%
Fundraising
$301,119
$341,993
+14%
Total Expenses
$7,044,882
$8,699,860
+23%
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