BLUE RIDGE AREA FOOD BANK INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$76,506,587
Contributions
72%
Government Grants
25%
Program Services
2%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$69,970,166
Grants
78%
Other
9%
Salaries & Benefits
9%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$47,203,565
$54,897,775
+16%
Government Grants
$15,014,628
$18,976,074
+26%
Fundraising Events
$0
$0
-
Program Services
$1,621,939
$1,867,377
+15%
Membership Dues
$0
$0
-
Investments
$510,794
$615,698
+21%
Other
-$146,217
$149,663
-202%
Total Revenues
$64,204,709
$76,506,587
+19%
Expenses
2023
2024
Change
Grants
$47,978,166
$54,724,528
+14%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,609,450
$5,998,562
+7%
Fees to Service Providers
$807,150
$574,759
-29%
Advertising & Promotion
$508,351
$613,022
+21%
Offices, Occupancy & IT
$1,130,318
$1,175,815
+4%
Interest
$0
$0
-
Depreciation
$455,418
$569,649
+25%
Other
$6,116,606
$6,313,831
+3%
Total Expenses
$62,605,459
$69,970,166
+12%
Net income
2023
2024
Change
Net income
+$1,599,250
+$6,536,421
+309%
Functional Expenses
Summary
2023
2024
Change
Program
$58,767,584
$66,208,018
+13%
Admin
$1,588,896
$1,551,908
-2%
Fundraising
$2,248,979
$2,210,240
-2%
Total Expenses
$62,605,459
$69,970,166
+12%
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