FRANKLIN TOWNSHIP FOOD BANK

SOMERSET, NJ, 08873-3441 (732) 246-0009 EIN 22-2406472

990 - Public charity return 501(c)(3)

Mission

DISTRIBUTION OF FOOD TO QUALIFIED FAMILIES IN FRANKLIN TWP, NJ

Total Revenue

$10,384,635

Total Expenses

$9,666,297

Net Assets

$2,884,180

22 employees 88 volunteers

From latest filing (tax period ending 2024-12-31)

Operating Reserve

3.6 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 25.4%

Expenses ↑ 17.9%

Revenue Sources

Contributions 96.2% Investment 1.1% Other 3.0%

Expense Breakdown

Program 97.8% Management 2.0% Fundraising 0.1%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$10,384,635	$9,666,297	$2,884,180
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$10,384,635 ↑	$9,666,297	$2,884,180
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$8,279,297 ↑	$8,201,555	$2,165,842
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$7,572,179 ↑	$7,248,242	$2,088,100
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$5,789,008 ↑	$5,416,299	$1,764,163
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$4,669,180 ↑	$3,830,825	$1,391,454
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$3,071,441 ↑	$3,241,957	$553,099
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$3,060,876	$3,106,456	$723,615