FOOD BANK OF EAST ALABAMA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$13,924,217
Contributions
91%
Other
5%
Program Services
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$12,766,636
Grants
80%
Salaries & Benefits
9%
Other
8%
Depreciation
1%
Fees to Service Providers
1%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$12,349,080
$12,645,615
+2%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$538,339
$552,574
+3%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$495,887
$726,028
+46%
Total Revenues
$13,383,306
$13,924,217
+4%
Expenses
2023
2024
Change
Grants
$10,827,079
$10,221,011
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,040,858
$1,171,346
+13%
Fees to Service Providers
$123,356
$171,124
+39%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$20,400
$25,900
+27%
Interest
$22
$0
-100%
Depreciation
$163,428
$185,560
+14%
Other
$803,339
$991,695
+23%
Total Expenses
$12,978,482
$12,766,636
-2%
Net income
2023
2024
Change
Net income
+$404,824
+$1,157,581
+186%
Functional Expenses
Summary
2023
2024
Change
Program
$12,826,145
$12,553,210
-2%
Admin
$71,082
$82,950
+17%
Fundraising
$81,255
$130,476
+61%
Total Expenses
$12,978,482
$12,766,636
-2%
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