LYNNWOOD FOOD BANK
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,999,522
Contributions
>99%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$6,339,633
Grants
84%
Other
14%
Salaries & Benefits
2%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,482,490
$5,994,286
+141%
Government Grants
$3,836,801
$0
-100%
Fundraising Events
$121
$0
-100%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$5,639
$5,236
-7%
Other
$0
$0
-
Total Revenues
$6,325,051
$5,999,522
-5%
Expenses
2023
2024
Change
Grants
$5,823,525
$5,302,509
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$166,339
$128,424
-23%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$334
$0
-100%
Offices, Occupancy & IT
$32,607
$50,006
+53%
Interest
$87
$0
-100%
Depreciation
$0
$0
-
Other
$62,196
$858,694
+1281%
Total Expenses
$6,085,088
$6,339,633
+4%
Net income
2023
2024
Change
Net income
+$239,963
-$340,111
-242%
Functional Expenses
Summary
2023
2024
Change
Program
$6,085,088
$6,339,633
+4%
Admin
$0
$0
-
Fundraising
$0
$0
-
Total Expenses
$6,085,088
$6,339,633
+4%
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