Progress Michigan Education Inc
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,901,779
Contributions
77%
Other
21%
Program Services
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024
$2,793,007
Other
72%
Salaries & Benefits
25%
Offices, Occupancy & IT
2%
Depreciation
<1%
Fees to Service Providers
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$687,608
$3,014,779
+338%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$10,160
$62,000
+510%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$3,973
$825,000
+20665%
Total Revenues
$701,741
$3,901,779
+456%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$886,105
$705,288
-20%
Fees to Service Providers
$19,031
$10,938
-43%
Advertising & Promotion
$10,000
$0
-100%
Offices, Occupancy & IT
$12,883
$46,603
+262%
Interest
$0
$0
-
Depreciation
$15,385
$15,423
+0%
Other
$61,131
$2,014,755
+3196%
Total Expenses
$1,004,535
$2,793,007
+178%
Net income
2023
2024
Change
Net income
-$302,794
+$1,108,772
-466%
Functional Expenses
Summary
2023
2024
Change
Program
$875,621
$2,642,627
+202%
Admin
$101,144
$127,257
+26%
Fundraising
$27,770
$23,123
-17%
Total Expenses
$1,004,535
$2,793,007
+178%
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