MID-SOUTH FOOD BANK
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$81,775,887
Contributions
63%
Government Grants
34%
Program Services
1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$83,997,756
Other
89%
Salaries & Benefits
7%
Offices, Occupancy & IT
1%
Fees to Service Providers
1%
Depreciation
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$54,290,152
$51,359,913
-5%
Government Grants
$15,452,628
$27,914,805
+81%
Fundraising Events
$0
$0
-
Program Services
$1,336,008
$1,107,253
-17%
Membership Dues
$0
$0
-
Investments
$471,632
$583,479
+24%
Other
$292,122
$810,437
+177%
Total Revenues
$71,842,542
$81,775,887
+14%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,876,409
$5,933,928
+1%
Fees to Service Providers
$1,027,810
$1,085,970
+6%
Advertising & Promotion
$54,713
$31,340
-43%
Offices, Occupancy & IT
$1,217,977
$1,244,139
+2%
Interest
$0
$0
-
Depreciation
$636,110
$791,657
+24%
Other
$64,168,679
$74,910,722
+17%
Total Expenses
$72,981,698
$83,997,756
+15%
Net income
2023
2024
Change
Net income
-$1,139,156
-$2,221,869
-95%
Functional Expenses
Summary
2023
2024
Change
Program
$68,148,674
$79,427,499
+17%
Admin
$3,899,421
$3,646,233
-6%
Fundraising
$933,603
$924,024
-1%
Total Expenses
$72,981,698
$83,997,756
+15%
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