LOWCOUNTRY FOOD BANK
LOWCOUNTRY FOOD BANK
LOWCOUNTRY FOOD BANK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$90,109,996
Contributions
93%
Program Services
5%
Other
1%
Investments
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$88,133,424
Grants
87%
Salaries & Benefits
7%
Other
3%
Offices, Occupancy & IT
1%
Depreciation
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$81,816,471
$83,665,330
+2%
Government Grants
$0
$0
-
Fundraising Events
$552,081
$494,619
-10%
Program Services
$3,918,509
$4,286,651
+9%
Membership Dues
$0
$0
-
Investments
$368,676
$615,223
+67%
Other
$836,352
$1,048,173
+25%
Total Revenues
$87,492,089
$90,109,996
+3%
Expenses
2023
2024
Change
Grants
$74,634,528
$76,755,572
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,712,834
$6,330,256
+11%
Fees to Service Providers
$717,178
$704,538
-2%
Advertising & Promotion
$47,983
$93,023
+94%
Offices, Occupancy & IT
$738,800
$1,014,394
+37%
Interest
$8,510
$0
-100%
Depreciation
$924,245
$957,495
+4%
Other
$1,968,054
$2,278,146
+16%
Total Expenses
$84,752,132
$88,133,424
+4%
Net income
2023
2024
Change
Net income
+$2,739,957
+$1,976,572
-28%
Functional Expenses
Summary
2023
2024
Change
Program
$81,499,135
$84,586,434
+4%
Admin
$1,800,278
$1,998,937
+11%
Fundraising
$1,452,719
$1,548,053
+7%
Total Expenses
$84,752,132
$88,133,424
+4%
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