Logo for "ALBION COMMUNITY FOUNDATION"

ALBION COMMUNITY FOUNDATION

ALBION COMMUNITY FOUNDATION

Albion, MI, US
501(c)3
EIN
23-7019029
DAF Sponsor
Community Foundation
Regional Funder
Logo for "ALBION COMMUNITY FOUNDATION"

ALBION COMMUNITY FOUNDATION

Albion, MI, US
501(c)3
EIN
23-7019029
DAF Sponsor
Community Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,596,276

Contributions
78%
Investments
20%
Program Services
1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$818,199

Fees to Service Providers
47%
Grants
22%
Salaries & Benefits
22%
Offices, Occupancy & IT
5%
Other
2%
Depreciation
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,058,575
$1,239,626
+17%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$9,474
$19,928
+110%
Membership Dues
$0
$0
-
Investments
$190,533
$327,009
+72%
Other
$87,025
$9,713
-89%
Total Revenues
$1,345,607
$1,596,276
+19%
Expenses
2023
2024
Change
Grants
$319,987
$183,805
-43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$159,270
$177,480
+11%
Fees to Service Providers
$239,140
$381,053
+59%
Advertising & Promotion
$2,929
$1,840
-37%
Offices, Occupancy & IT
$37,184
$43,995
+18%
Interest
$0
$0
-
Depreciation
$8,815
$10,258
+16%
Other
$26,721
$19,768
-26%
Total Expenses
$794,046
$818,199
+3%
Net income
2023
2024
Change
Net income
+$551,561
+$778,077
+41%
Functional Expenses
Summary
2023
2024
Change
Program
$695,658
$707,903
+2%
Admin
$56,505
$63,846
+13%
Fundraising
$41,883
$46,450
+11%
Total Expenses
$794,046
$818,199
+3%
Income Statement
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