RACQUET UP DETROIT
RACQUET UP DETROIT
RACQUET UP DETROIT
Income Statement
Fiscal Year Start:
Aug 1
Revenues in 2024
$2,528,161
Contributions
96%
Investments
2%
Other
2%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$2,202,547
Salaries & Benefits
54%
Other
17%
Grants
11%
Depreciation
10%
Offices, Occupancy & IT
6%
Fees to Service Providers
3%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$3,873,562
$2,423,856
-37%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$58,322
$59,415
+2%
Other
-$365
$44,890
-12399%
Total Revenues
$3,931,519
$2,528,161
-36%
Expenses
2023
2024
Change
Grants
$3,579,433
$233,104
-93%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,178,638
$1,185,630
+1%
Fees to Service Providers
$39,235
$60,916
+55%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$108,687
$135,278
+24%
Interest
$0
$3,514
-
Depreciation
$207,125
$217,312
+5%
Other
$395,865
$366,793
-7%
Total Expenses
$5,508,983
$2,202,547
-60%
Net income
2023
2024
Change
Net income
-$1,577,464
+$325,614
-121%
Functional Expenses
Summary
2023
2024
Change
Program
$4,900,419
$1,477,933
-70%
Admin
$262,603
$477,671
+82%
Fundraising
$345,961
$246,943
-29%
Total Expenses
$5,508,983
$2,202,547
-60%
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