ARKANSAS FOODBANK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$74,819,785
Program Services
83%
Contributions
12%
Other
3%
Fundraising Events
1%
Investments
<1%
Membership Dues
<1%
Government Grants
0%
Expenses in 2024
$74,738,234
Other
88%
Salaries & Benefits
7%
Fees to Service Providers
2%
Depreciation
1%
Offices, Occupancy & IT
1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$3,339,666
$8,978,286
+169%
Government Grants
$0
$0
-
Fundraising Events
$496,093
$1,053,394
+112%
Program Services
$33,125,212
$62,379,886
+88%
Membership Dues
$225
$22,875
+10067%
Investments
$207,938
$249,814
+20%
Other
-$3,181,764
$2,135,530
-167%
Total Revenues
$33,987,370
$74,819,785
+120%
Expenses
2023
2024
Change
Grants
$260,878
$698,701
+168%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,613,873
$5,526,686
+111%
Fees to Service Providers
$408,847
$1,218,109
+198%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$351,512
$793,925
+126%
Interest
$38,227
$67,537
+77%
Depreciation
$460,857
$855,419
+86%
Other
$34,948,161
$65,577,857
+88%
Total Expenses
$39,082,355
$74,738,234
+91%
Net income
2023
2024
Change
Net income
-$5,094,985
+$81,551
-102%
Functional Expenses
Summary
2023
2024
Change
Program
$37,391,728
$71,148,756
+90%
Admin
$810,538
$1,641,572
+103%
Fundraising
$880,089
$1,947,906
+121%
Total Expenses
$39,082,355
$74,738,234
+91%
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