MICHIGAN COMMUNITY CAPITAL
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$9,687,634
Program Services
68%
Government Grants
13%
Other
9%
Contributions
6%
Investments
5%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,147,125
Salaries & Benefits
27%
Fees to Service Providers
21%
Depreciation
20%
Offices, Occupancy & IT
16%
Interest
15%
Other
1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,262,476
$550,356
-56%
Government Grants
$180,000
$1,252,862
+596%
Fundraising Events
$0
$0
-
Program Services
$4,368,761
$6,539,532
+50%
Membership Dues
$0
$0
-
Investments
$382,158
$497,331
+30%
Other
$467,976
$847,553
+81%
Total Revenues
$6,661,371
$9,687,634
+45%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,516,321
$2,479,007
+63%
Fees to Service Providers
$1,410,031
$1,942,732
+38%
Advertising & Promotion
$0
$17,087
-
Offices, Occupancy & IT
$1,159,238
$1,450,936
+25%
Interest
$807,004
$1,365,679
+69%
Depreciation
$1,472,732
$1,789,072
+21%
Other
$878,425
$102,612
-88%
Total Expenses
$7,243,751
$9,147,125
+26%
Net income
2023
2024
Change
Net income
-$582,380
+$540,509
-193%
Functional Expenses
Summary
2023
2024
Change
Program
$6,739,915
$8,490,375
+26%
Admin
$503,836
$656,750
+30%
Fundraising
$0
$0
-
Total Expenses
$7,243,751
$9,147,125
+26%
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