FRIENDLY HANDS FOOD BANK INC
Mission Statement
Our Mission: To feed the hungry families and individuals in our communities. Through our teamwork and positive attitude, we are committed to making a difference in the lives of our clients and communities by providing food to minimize hunger. Our Values: We believe that access to food is a basic human rights. We are committed to responding to the needs of our communities. Therefore: ? We fund and manage an accessible food bank ? We use our resources wisely with accountability to our clients and donors. ? We are Appreciative of our communities, partners, donors, volunteers and employees for their commitment and support. ? We treat people with respect, dignity and courtesy. ? We provide services without regards to race, color, religion, national origin, gender, sexual preference, or disability. ? We get our community involved as volunteers, donors and recipients. ? We believe that the ethnic cultural and social diversity of our service area are reflected in our staff, board members and volunteers.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
86.1% | 89.7% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.5% | 7.6% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
26.4% | 13.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
82.7 mo | 10.8 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
97.6% | 96.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
203.3% | 10.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
12.2% | 10.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
83.1% | 4.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.5M | $260K | $1.8M | 86.1% | 11 |
| 2023 | $507K | $232K | $514K | 84.9% | 6 |
| 2022 | $231K | $195K | $230K | 83.9% | 6 |
| 2021 | $248K | $209K | N/A | — | 6 |
Donor Reviews
Write a ReviewBe the first to share your experience with this organization.