SOUTH PLAINS FOOD BANK INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$25,292,295
Contributions
81%
Government Grants
11%
Program Services
3%
Investments
3%
Other
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$21,677,180
Other
78%
Salaries & Benefits
16%
Depreciation
4%
Offices, Occupancy & IT
1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$22,611,600
$20,459,482
-10%
Government Grants
$4,404,019
$2,863,640
-35%
Fundraising Events
$0
$0
-
Program Services
$581,572
$825,465
+42%
Membership Dues
$0
$0
-
Investments
$302,849
$641,330
+112%
Other
$98,316
$502,378
+411%
Total Revenues
$27,998,356
$25,292,295
-10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,486,422
$3,475,127
0%
Fees to Service Providers
$32,666
$114,307
+250%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$504,918
$279,120
-45%
Interest
$0
$0
-
Depreciation
$845,869
$926,276
+10%
Other
$21,615,799
$16,882,350
-22%
Total Expenses
$26,485,674
$21,677,180
-18%
Net income
2023
2024
Change
Net income
+$1,512,682
+$3,615,115
+139%
Functional Expenses
Summary
2023
2024
Change
Program
$24,673,810
$19,887,775
-19%
Admin
$764,956
$828,204
+8%
Fundraising
$1,046,908
$961,201
-8%
Total Expenses
$26,485,674
$21,677,180
-18%
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