COMMUNITY FOOD BANK OF CENTRAL ALABAMA
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$53,614,915
Contributions
74%
Government Grants
21%
Program Services
4%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$43,688,679
Grants
88%
Salaries & Benefits
7%
Other
2%
Offices, Occupancy & IT
1%
Depreciation
<1%
Advertising & Promotion
<1%
Fees to Service Providers
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$23,151,918
$39,800,552
+72%
Government Grants
$13,063,170
$10,999,074
-16%
Fundraising Events
$0
$0
-
Program Services
$1,722,911
$2,144,810
+24%
Membership Dues
$0
$0
-
Investments
$200,645
$426,575
+113%
Other
$267,883
$243,904
-9%
Total Revenues
$38,406,527
$53,614,915
+40%
Expenses
2023
2024
Change
Grants
$28,391,355
$38,330,235
+35%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,966,501
$3,228,333
+9%
Fees to Service Providers
$180,661
$137,775
-24%
Advertising & Promotion
$330,678
$314,017
-5%
Offices, Occupancy & IT
$555,263
$595,526
+7%
Interest
$0
$0
-
Depreciation
$386,948
$340,956
-12%
Other
$766,414
$741,837
-3%
Total Expenses
$33,577,820
$43,688,679
+30%
Net income
2023
2024
Change
Net income
+$4,828,707
+$9,926,236
+106%
Functional Expenses
Summary
2023
2024
Change
Program
$32,352,345
$42,379,828
+31%
Admin
$835,714
$726,331
-13%
Fundraising
$389,761
$582,520
+49%
Total Expenses
$33,577,820
$43,688,679
+30%
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