WEST ALABAMA FOOD BANK INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,693,528
Government Grants
67%
Contributions
24%
Program Services
7%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$7,819,570
Other
82%
Salaries & Benefits
11%
Depreciation
3%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Interest
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,508,722
$2,112,457
-16%
Government Grants
$5,395,769
$5,860,697
+9%
Fundraising Events
$0
$0
-
Program Services
$595,413
$628,884
+6%
Membership Dues
$0
$0
-
Investments
$34,850
$91,490
+163%
Other
$27,462
$0
-100%
Total Revenues
$8,562,216
$8,693,528
+2%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$781,694
$868,348
+11%
Fees to Service Providers
$45,223
$26,551
-41%
Advertising & Promotion
$72,664
$103,492
+42%
Offices, Occupancy & IT
$222,106
$194,210
-13%
Interest
$56,000
$40,197
-28%
Depreciation
$162,076
$198,574
+23%
Other
$6,824,762
$6,388,198
-6%
Total Expenses
$8,164,525
$7,819,570
-4%
Net income
2023
2024
Change
Net income
+$397,691
+$873,958
+120%
Functional Expenses
Summary
2023
2024
Change
Program
$7,716,415
$7,319,901
-5%
Admin
$372,255
$396,177
+6%
Fundraising
$75,855
$103,492
+36%
Total Expenses
$8,164,525
$7,819,570
-4%
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