Logo for "MICHIGAN COLLEGES ALLIANCE"

MICHIGAN COLLEGES ALLIANCE

MICHIGAN COLLEGES ALLIANCE

Southfield, MI, US
501(c)3
EIN
38-1332962
Regional Funder
Logo for "MICHIGAN COLLEGES ALLIANCE"

MICHIGAN COLLEGES ALLIANCE

Southfield, MI, US
501(c)3
EIN
38-1332962
Regional Funder

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$5,733,784

Contributions
84%
Program Services
12%
Investments
4%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$5,909,740

Grants
71%
Salaries & Benefits
19%
Other
6%
Fees to Service Providers
3%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$4,478,691
$4,809,053
+7%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$654,418
$711,251
+9%
Membership Dues
$0
$0
-
Investments
$162,307
$213,480
+32%
Other
-$65,039
$0
-100%
Total Revenues
$5,230,377
$5,733,784
+10%
Expenses
2023
2024
Change
Grants
$3,801,027
$4,220,741
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$981,102
$1,126,423
+15%
Fees to Service Providers
$157,672
$165,744
+5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$43,913
$42,060
-4%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$232,385
$354,772
+53%
Total Expenses
$5,216,099
$5,909,740
+13%
Net income
2023
2024
Change
Net income
+$14,278
-$175,956
-1332%
Functional Expenses
Summary
2023
2024
Change
Program
$4,838,091
$5,475,453
+13%
Admin
$169,528
$232,697
+37%
Fundraising
$208,480
$201,590
-3%
Total Expenses
$5,216,099
$5,909,740
+13%
Income Statement
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