ORCAS ISLAND FOOD BANK
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,560,391
Contributions
84%
Government Grants
11%
Investments
5%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$1,622,318
Grants
45%
Salaries & Benefits
25%
Fees to Service Providers
19%
Other
5%
Offices, Occupancy & IT
3%
Depreciation
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,937,209
$2,973,878
+54%
Government Grants
$279,960
$404,538
+44%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$42,413
$181,975
+329%
Other
$0
$0
-
Total Revenues
$2,259,582
$3,560,391
+58%
Expenses
2023
2024
Change
Grants
$746,511
$731,390
-2%
Benefits to Members
$0
$0
-
Salaries & Benefits
$324,890
$409,121
+26%
Fees to Service Providers
$85,036
$311,780
+267%
Advertising & Promotion
$7,689
$7,572
-2%
Offices, Occupancy & IT
$46,717
$49,687
+6%
Interest
$0
$72
-
Depreciation
$39,072
$30,993
-21%
Other
$39,334
$81,703
+108%
Total Expenses
$1,289,249
$1,622,318
+26%
Net income
2023
2024
Change
Net income
+$970,333
+$1,938,073
+100%
Functional Expenses
Summary
2023
2024
Change
Program
$1,150,544
$1,442,834
+25%
Admin
$138,705
$179,484
+29%
Fundraising
$0
$0
-
Total Expenses
$1,289,249
$1,622,318
+26%
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