Logo for "Second Harvest Food Bank of Metrolina, Inc."

Second Harvest Food Bank of Metrolina, Inc.

Second Harvest Food Bank of Metrolina, Inc.

Charlotte, NC, US
501(c)(3)
EIN
56-1352593
Women Led
Logo for "Second Harvest Food Bank of Metrolina, Inc."

Second Harvest Food Bank of Metrolina, Inc.

Charlotte, NC, US
501(c)(3)
EIN
56-1352593
Women Led

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$170,343,409

Contributions
92%
Government Grants
4%
Program Services
2%
Fundraising Events
1%
Investments
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024

$164,723,124

Grants
89%
Other
5%
Salaries & Benefits
4%
Advertising & Promotion
1%
Depreciation
1%
Offices, Occupancy & IT
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$144,206,933
$156,558,922
+9%
Government Grants
$3,942,096
$6,475,596
+64%
Fundraising Events
$1,986,714
$2,223,226
+12%
Program Services
$1,811,887
$3,437,449
+90%
Membership Dues
$0
$0
-
Investments
$100,743
$1,209,956
+1101%
Other
$4,493,633
$438,260
-90%
Total Revenues
$156,542,006
$170,343,409
+9%
Expenses
2023
2024
Change
Grants
$131,684,245
$146,077,991
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,335,319
$6,429,560
+21%
Fees to Service Providers
$379,848
$434,641
+14%
Advertising & Promotion
$1,361,389
$1,924,172
+41%
Offices, Occupancy & IT
$718,547
$605,074
-16%
Interest
$331,401
$0
-100%
Depreciation
$1,642,347
$1,712,302
+4%
Other
$7,574,916
$7,539,384
0%
Total Expenses
$149,028,012
$164,723,124
+11%
Net income
2023
2024
Change
Net income
+$7,513,994
+$5,620,285
-25%
Functional Expenses
Summary
2023
2024
Change
Program
$145,334,671
$160,126,284
+10%
Admin
$1,349,310
$1,482,642
+10%
Fundraising
$2,344,031
$3,114,198
+33%
Total Expenses
$149,028,012
$164,723,124
+11%
Income Statement
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