SOMERSET COUNTY MOBILE FOOD BANK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$400,113
Contributions
72%
Other
25%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$319,852
Other
52%
Salaries & Benefits
31%
Depreciation
13%
Fees to Service Providers
2%
Offices, Occupancy & IT
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$325,461
$286,196
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$6,540
$14,376
+120%
Other
$100,392
$99,541
-1%
Total Revenues
$432,393
$400,113
-7%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$87,832
$100,103
+14%
Fees to Service Providers
$4,364
$5,010
+15%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,345
$4,638
+7%
Interest
$0
$0
-
Depreciation
$36,085
$42,201
+17%
Other
$219,357
$167,900
-23%
Total Expenses
$351,983
$319,852
-9%
Net income
2023
2024
Change
Net income
+$80,410
+$80,261
0%
Functional Expenses
Summary
2023
2024
Change
Program
$335,889
$303,206
-10%
Admin
$16,094
$16,646
+3%
Fundraising
$0
$0
-
Total Expenses
$351,983
$319,852
-9%
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