GOODWILL INDUSTRIES OF MICHIANA INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$50,777,487
Program Services
88%
Contributions
10%
Investments
2%
Other
<1%
Fundraising Events
<1%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$52,395,081
Salaries & Benefits
69%
Offices, Occupancy & IT
16%
Other
6%
Depreciation
5%
Fees to Service Providers
2%
Advertising & Promotion
1%
Grants
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,371,749
$4,907,240
+46%
Government Grants
$0
$0
-
Fundraising Events
$93,234
$78,472
-16%
Program Services
$47,129,867
$44,478,532
-6%
Membership Dues
$0
$0
-
Investments
$1,622,150
$991,366
-39%
Other
-$37,003
$321,877
-970%
Total Revenues
$52,179,997
$50,777,487
-3%
Expenses
2023
2024
Change
Grants
$9,803
$37,503
+283%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,937,528
$36,245,113
+1%
Fees to Service Providers
$879,704
$1,144,081
+30%
Advertising & Promotion
$544,408
$647,907
+19%
Offices, Occupancy & IT
$7,484,416
$8,596,813
+15%
Interest
$768,565
$4,724
-99%
Depreciation
$2,468,828
$2,365,490
-4%
Other
$4,213,717
$3,353,450
-20%
Total Expenses
$52,306,969
$52,395,081
+0%
Net income
2023
2024
Change
Net income
-$126,972
-$1,617,594
-1174%
Functional Expenses
Summary
2023
2024
Change
Program
$44,565,043
$45,303,708
+2%
Admin
$7,553,472
$7,035,138
-7%
Fundraising
$188,454
$56,235
-70%
Total Expenses
$52,306,969
$52,395,081
+0%
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