Logo for "CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION"

CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION

CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION

Detroit, MI, US
501(c)3
EIN
32-0087353
DAF Sponsor
Regional Funder
Logo for "CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION"

CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION

Detroit, MI, US
501(c)3
EIN
32-0087353
DAF Sponsor
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$30,973,568

Contributions
64%
Other
16%
Investments
11%
Fundraising Events
8%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$10,320,588

Grants
52%
Salaries & Benefits
26%
Fees to Service Providers
10%
Offices, Occupancy & IT
7%
Other
4%
Advertising & Promotion
1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$15,173,878
$19,972,610
+32%
Government Grants
$0
$0
-
Fundraising Events
$1,344,406
$2,502,402
+86%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,380,298
$3,555,098
+49%
Other
-$1,326,944
$4,943,458
-473%
Total Revenues
$17,571,638
$30,973,568
+76%
Expenses
2023
2024
Change
Grants
$6,009,841
$5,372,504
-11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,388,153
$2,670,732
-21%
Fees to Service Providers
$712,395
$1,022,806
+44%
Advertising & Promotion
$36,308
$106,163
+192%
Offices, Occupancy & IT
$712,442
$740,183
+4%
Interest
$646
$0
-100%
Depreciation
$14,473
$14,473
+0%
Other
$1,078,725
$393,727
-64%
Total Expenses
$11,952,983
$10,320,588
-14%
Net income
2023
2024
Change
Net income
+$5,618,655
+$20,652,980
+268%
Functional Expenses
Summary
2023
2024
Change
Program
$7,959,320
$6,222,841
-22%
Admin
$2,304,930
$2,299,509
0%
Fundraising
$1,688,733
$1,798,238
+6%
Total Expenses
$11,952,983
$10,320,588
-14%
Income Statement
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