MICHIGAN CREDIT UNION LEAGUEPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,518,576
Program Services
80%
Investments
20%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$5,742,429
Salaries & Benefits
46%
Other
40%
Fees to Service Providers
9%
Offices, Occupancy & IT
2%
Depreciation
2%
Advertising & Promotion
1%
Interest
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$3,127,977
$3,601,356
+15%
Membership Dues
$0
$0
-
Investments
$808,976
$917,220
+13%
Other
$1,233,551
$0
-100%
Total Revenues
$5,170,504
$4,518,576
-13%
Expenses
2023
2024
Change
Grants
$0
$127
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,444,805
$2,653,950
+9%
Fees to Service Providers
$542,239
$518,211
-4%
Advertising & Promotion
$58,589
$58,285
-1%
Offices, Occupancy & IT
$105,919
$126,684
+20%
Interest
$5,898
$7,965
+35%
Depreciation
$95,268
$89,611
-6%
Other
$2,008,482
$2,287,596
+14%
Total Expenses
$5,261,200
$5,742,429
+9%
Net income
2023
2024
Change
Net income
-$90,696
-$1,223,853
-1249%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$5,261,200
$5,742,429
+9%
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