LOCAL FIRST OF WEST MICHIGAN
Pub 78

LOCAL FIRST OF WEST MICHIGAN
Pub 78

Grand Rapids, MI, US
501(c)(6)
EIN
37-2042023

LOCAL FIRST OF WEST MICHIGAN
Pub 78

Grand Rapids, MI, US
501(c)(6)
EIN
37-2042023

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$593,683

Program Services
69%
Contributions
29%
Other
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2024

$537,508

Salaries & Benefits
92%
Other
5%
Fees to Service Providers
2%
Interest
1%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$247,873
$172,831
-30%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$387,671
$411,757
+6%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$10,345
$9,095
-12%
Total Revenues
$645,889
$593,683
-8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$450,484
$491,888
+9%
Fees to Service Providers
$32,451
$11,245
-65%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$4,548
$2,126
-53%
Interest
$100
$6,563
+6463%
Depreciation
$66
$396
+500%
Other
$104,673
$25,290
-76%
Total Expenses
$592,322
$537,508
-9%
Net income
2023
2024
Change
Net income
+$53,567
+$56,175
+5%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$592,322
$537,508
-9%
Income Statement
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