UNITED WAY FOR SOUTHEASTERN MICHIGAN
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$93,127,658
Contributions
73%
Government Grants
22%
Investments
2%
Other
1%
Fundraising Events
1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$101,827,424
Grants
71%
Salaries & Benefits
20%
Fees to Service Providers
4%
Offices, Occupancy & IT
3%
Other
2%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$29,841,681
$68,255,809
+129%
Government Grants
$16,076,685
$20,668,082
+29%
Fundraising Events
$795,712
$939,101
+18%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,640,778
$1,875,692
+14%
Other
$2,833,683
$1,388,974
-51%
Total Revenues
$51,188,539
$93,127,658
+82%
Expenses
2023
2024
Change
Grants
$36,760,617
$72,098,753
+96%
Benefits to Members
$0
$0
-
Salaries & Benefits
$18,195,057
$19,890,340
+9%
Fees to Service Providers
$3,227,848
$3,574,924
+11%
Advertising & Promotion
$572,407
$783,448
+37%
Offices, Occupancy & IT
$1,831,712
$3,106,804
+70%
Interest
$0
$0
-
Depreciation
$186,942
$219,140
+17%
Other
$1,912,697
$2,154,015
+13%
Total Expenses
$62,687,280
$101,827,424
+62%
Net income
2023
2024
Change
Net income
-$11,498,741
-$8,699,766
+24%
Functional Expenses
Summary
2023
2024
Change
Program
$53,674,758
$91,111,432
+70%
Admin
$4,231,244
$5,679,468
+34%
Fundraising
$4,781,278
$5,036,524
+5%
Total Expenses
$62,687,280
$101,827,424
+62%
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