ALUMNI ASSOCIATION OF THE UNIVERSITY OF MICHIGAN

ALUMNI ASSOCIATION OF THE UNIVERSITY OF MICHIGAN

Grand Rapids, MI, US
501(c)(3)
EIN
23-7206591

ALUMNI ASSOCIATION OF THE UNIVERSITY OF MICHIGAN

Grand Rapids, MI, US
501(c)(3)
EIN
23-7206591

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$25,613,410

Program Services
51%
Investments
23%
Contributions
13%
Membership Dues
13%
Other
<1%
Fundraising Events
<1%
Government Grants
0%
Expenses in 2024

$23,216,167

Fees to Service Providers
46%
Other
19%
Advertising & Promotion
11%
Grants
9%
Offices, Occupancy & IT
9%
Depreciation
5%
Interest
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Revenues
2023
2024
Change
Contributions
$4,470,304
$3,397,469
-24%
Government Grants
$0
$0
-
Fundraising Events
$20,795
$16,050
-23%
Program Services
$8,413,738
$13,073,623
+55%
Membership Dues
$3,317,335
$3,336,776
+1%
Investments
$5,339,478
$5,763,334
+8%
Other
$44,105
$26,158
-41%
Total Revenues
$21,605,755
$25,613,410
+19%
Expenses
2023
2024
Change
Grants
$1,843,450
$2,086,786
+13%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$11,957,501
$10,730,970
-10%
Advertising & Promotion
$1,563,004
$2,626,260
+68%
Offices, Occupancy & IT
$1,831,885
$2,060,694
+12%
Interest
$148,946
$176,147
+18%
Depreciation
$1,077,068
$1,116,342
+4%
Other
$2,668,113
$4,418,968
+66%
Total Expenses
$21,089,967
$23,216,167
+10%
Net income
2023
2024
Change
Net income
+$515,788
+$2,397,243
+365%
Functional Expenses
Summary
2023
2024
Change
Program
$11,006,448
$13,593,080
+24%
Admin
$5,949,087
$5,286,772
-11%
Fundraising
$4,134,432
$4,336,315
+5%
Total Expenses
$21,089,967
$23,216,167
+10%
Income Statement
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)