2019 Audited Financial Statements

Page 20

10. Concentrations of credit risk At times during the current fiscal year, the Organization’s cash balances exceeded the U.S. Federal Deposit Insurance Corporation’s insurance limits. 11. Concentrations of revenue The Organization received $5,918,871 of donated food from Wal-Mart which represents 27% of the total food contributions received for the year ended June 30, 2019. During the prior year, the Organization received $5,748,629 of donated food from Wal-Mart which represented 31% of total food contributions.

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