WEST MICHIGAN CONSTRUCTION INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2025
$2,986,237
Government Grants
44%
Program Services
34%
Contributions
16%
Other
4%
Fundraising Events
1%
Investments
<1%
Membership Dues
0%
Expenses in 2025
$2,026,091
Fees to Service Providers
41%
Depreciation
26%
Other
23%
Offices, Occupancy & IT
9%
Advertising & Promotion
2%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$256,211
$486,735
+90%
Government Grants
$1,609,546
$1,308,662
-19%
Fundraising Events
$54,605
$43,413
-20%
Program Services
$894,829
$1,004,928
+12%
Membership Dues
$0
$0
-
Investments
$37,889
$25,062
-34%
Other
$64,937
$117,437
+81%
Total Revenues
$2,918,017
$2,986,237
+2%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$731,334
$823,635
+13%
Advertising & Promotion
$35,830
$35,698
0%
Offices, Occupancy & IT
$134,366
$185,885
+38%
Interest
$0
$0
-
Depreciation
$363,335
$520,735
+43%
Other
$379,430
$460,138
+21%
Total Expenses
$1,644,295
$2,026,091
+23%
Net income
2024
2025
Change
Net income
+$1,273,722
+$960,146
-25%
Functional Expenses
Summary
2024
2025
Change
Program
$1,154,557
$1,471,980
+27%
Admin
$350,029
$408,151
+17%
Fundraising
$139,709
$145,960
+4%
Total Expenses
$1,644,295
$2,026,091
+23%
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