VIRGINIA PENINSULA FOODBANK
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$26,853,663
Contributions
83%
Government Grants
14%
Investments
2%
Fundraising Events
1%
Program Services
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$23,469,068
Grants
70%
Other
14%
Salaries & Benefits
10%
Offices, Occupancy & IT
2%
Depreciation
2%
Fees to Service Providers
2%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$15,562,559
$22,226,291
+43%
Government Grants
$3,664,237
$3,753,302
+2%
Fundraising Events
$396,943
$387,490
-2%
Program Services
$53,784
$31,186
-42%
Membership Dues
$0
$0
-
Investments
$320,987
$451,540
+41%
Other
$116,092
$3,854
-97%
Total Revenues
$20,114,602
$26,853,663
+34%
Expenses
2023
2024
Change
Grants
$13,075,844
$16,443,099
+26%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,251,740
$2,405,064
+7%
Fees to Service Providers
$286,368
$363,557
+27%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$491,526
$486,592
-1%
Interest
$0
$0
-
Depreciation
$334,403
$394,864
+18%
Other
$3,046,717
$3,375,892
+11%
Total Expenses
$19,486,598
$23,469,068
+20%
Net income
2023
2024
Change
Net income
+$628,004
+$3,384,595
+439%
Functional Expenses
Summary
2023
2024
Change
Program
$18,401,218
$22,223,359
+21%
Admin
$283,042
$394,828
+39%
Fundraising
$802,338
$850,881
+6%
Total Expenses
$19,486,598
$23,469,068
+20%
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