CHICAGO FURNITURE BANK
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$9,825,053
Contributions
53%
Program Services
44%
Other
1%
Fundraising Events
1%
Investments
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$9,857,374
Grants
49%
Salaries & Benefits
34%
Other
10%
Offices, Occupancy & IT
4%
Fees to Service Providers
2%
Depreciation
1%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$5,938,350
$5,215,412
-12%
Government Grants
$0
$0
-
Fundraising Events
$0
$118,843
-
Program Services
$3,805,188
$4,365,459
+15%
Membership Dues
$0
$0
-
Investments
$3,318
$1,841
-45%
Other
$136,455
$123,498
-9%
Total Revenues
$9,883,311
$9,825,053
-1%
Expenses
2023
2024
Change
Grants
$4,568,428
$4,834,534
+6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,355,057
$3,369,112
+0%
Fees to Service Providers
$83,819
$173,257
+107%
Advertising & Promotion
$27,936
$14,698
-47%
Offices, Occupancy & IT
$431,375
$358,000
-17%
Interest
$82
$130
+59%
Depreciation
$122,029
$120,242
-1%
Other
$864,099
$987,401
+14%
Total Expenses
$9,452,825
$9,857,374
+4%
Net income
2023
2024
Change
Net income
+$430,486
-$32,321
-108%
Functional Expenses
Summary
2023
2024
Change
Program
$8,738,633
$9,046,287
+4%
Admin
$624,463
$772,708
+24%
Fundraising
$89,729
$38,379
-57%
Total Expenses
$9,452,825
$9,857,374
+4%
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