Community Food Bank Inc

Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$83,382,288
Contributions
92%
Government Grants
4%
Program Services
2%
Investments
1%
Other
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$87,899,734
Grants
77%
Salaries & Benefits
13%
Other
4%
Fees to Service Providers
3%
Depreciation
2%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$73,917,638
$76,923,851
+4%
Government Grants
$3,019,629
$3,221,195
+7%
Fundraising Events
$167,897
$139,607
-17%
Program Services
$2,285,544
$1,816,449
-21%
Membership Dues
$0
$0
-
Investments
$766,738
$1,005,884
+31%
Other
$134,454
$275,302
+105%
Total Revenues
$80,291,900
$83,382,288
+4%
Expenses
2023
2024
Change
Grants
$62,249,327
$67,428,543
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,166,370
$11,791,757
+6%
Fees to Service Providers
$1,867,250
$2,609,857
+40%
Advertising & Promotion
$395,444
$312,732
-21%
Offices, Occupancy & IT
$678,538
$714,953
+5%
Interest
$33,851
$24,063
-29%
Depreciation
$1,135,282
$1,392,772
+23%
Other
$3,179,567
$3,625,057
+14%
Total Expenses
$80,705,629
$87,899,734
+9%
Net income
2023
2024
Change
Net income
-$413,729
-$4,517,446
-992%
Functional Expenses
Summary
2023
2024
Change
Program
$74,257,714
$81,106,220
+9%
Admin
$3,769,280
$4,026,561
+7%
Fundraising
$2,678,635
$2,766,953
+3%
Total Expenses
$80,705,629
$87,899,734
+9%
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