Regional Food Bank of Northeast Florida Inc

Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$82,191,260
Contributions
87%
Government Grants
10%
Program Services
2%
Fundraising Events
<1%
Investments
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$80,591,497
Grants
85%
Salaries & Benefits
8%
Offices, Occupancy & IT
3%
Other
2%
Depreciation
<1%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$65,530,463
$71,144,258
+9%
Government Grants
$6,642,876
$8,361,111
+26%
Fundraising Events
$160,818
$371,990
+131%
Program Services
$732,761
$1,944,304
+165%
Membership Dues
$0
$0
-
Investments
$322,943
$314,460
-3%
Other
$829,572
$55,137
-93%
Total Revenues
$74,219,433
$82,191,260
+11%
Expenses
2023
2024
Change
Grants
$61,386,374
$68,514,961
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,073,897
$6,226,716
+23%
Fees to Service Providers
$429,849
$462,693
+8%
Advertising & Promotion
$126,534
$481,031
+280%
Offices, Occupancy & IT
$1,918,618
$2,084,172
+9%
Interest
$46,910
$300,953
+542%
Depreciation
$473,465
$740,840
+56%
Other
$750,903
$1,780,131
+137%
Total Expenses
$70,206,550
$80,591,497
+15%
Net income
2023
2024
Change
Net income
+$4,012,883
+$1,599,763
-60%
Functional Expenses
Summary
2023
2024
Change
Program
$67,090,053
$76,877,535
+15%
Admin
$1,740,145
$2,093,360
+20%
Fundraising
$1,376,352
$1,620,602
+18%
Total Expenses
$70,206,550
$80,591,497
+15%
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