FOOD CONNECTS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,990,921
Other
42%
Contributions
27%
Government Grants
18%
Program Services
12%
Membership Dues
1%
Investments
<1%
Fundraising Events
0%
Expenses in 2024
$2,066,078
Salaries & Benefits
66%
Offices, Occupancy & IT
14%
Other
13%
Fees to Service Providers
3%
Depreciation
2%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$788,778
$546,406
-31%
Government Grants
$877,021
$348,556
-60%
Fundraising Events
$0
$0
-
Program Services
$75,506
$235,970
+213%
Membership Dues
$0
$28,150
-
Investments
$1,741
$570
-67%
Other
$504,074
$831,269
+65%
Total Revenues
$2,247,120
$1,990,921
-11%
Expenses
2023
2024
Change
Grants
$88
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,230,274
$1,363,557
+11%
Fees to Service Providers
$36,748
$70,393
+92%
Advertising & Promotion
$7,880
$10,568
+34%
Offices, Occupancy & IT
$258,909
$283,386
+9%
Interest
$9,978
$19,367
+94%
Depreciation
$93,021
$40,312
-57%
Other
$175,797
$278,495
+58%
Total Expenses
$1,812,695
$2,066,078
+14%
Net income
2023
2024
Change
Net income
+$434,425
-$75,157
-117%
Functional Expenses
Summary
2023
2024
Change
Program
$1,642,391
$1,851,866
+13%
Admin
$161,434
$206,920
+28%
Fundraising
$8,870
$7,292
-18%
Total Expenses
$1,812,695
$2,066,078
+14%
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