ALL FAITHS FOOD BANK INC
ALL FAITHS FOOD BANK INC
ALL FAITHS FOOD BANK INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$55,398,032
Contributions
91%
Government Grants
4%
Program Services
3%
Investments
1%
Fundraising Events
<1%
Other
<1%
Membership Dues
0%
Expenses in 2024
$52,556,329
Other
82%
Salaries & Benefits
14%
Offices, Occupancy & IT
2%
Depreciation
1%
Fees to Service Providers
<1%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$44,835,971
$50,450,403
+13%
Government Grants
$1,291,518
$2,061,795
+60%
Fundraising Events
$471,786
$382,891
-19%
Program Services
$2,345,321
$1,539,352
-34%
Membership Dues
$0
$0
-
Investments
$826,113
$688,452
-17%
Other
$270,437
$275,139
+2%
Total Revenues
$50,041,146
$55,398,032
+11%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,989,111
$7,347,203
+23%
Fees to Service Providers
$444,622
$519,987
+17%
Advertising & Promotion
$125,656
$179,655
+43%
Offices, Occupancy & IT
$727,089
$840,055
+16%
Interest
$8,116
$6,196
-24%
Depreciation
$619,223
$690,005
+11%
Other
$39,586,331
$42,973,228
+9%
Total Expenses
$47,500,148
$52,556,329
+11%
Net income
2023
2024
Change
Net income
+$2,540,998
+$2,841,703
+12%
Functional Expenses
Summary
2023
2024
Change
Program
$43,817,816
$48,501,078
+11%
Admin
$2,113,680
$2,177,682
+3%
Fundraising
$1,568,652
$1,877,569
+20%
Total Expenses
$47,500,148
$52,556,329
+11%
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