GOODWILL INDUSTRIES OF WEST MICHIGAN INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$30,331,883
Program Services
74%
Contributions
23%
Other
2%
Investments
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$30,111,685
Salaries & Benefits
49%
Other
30%
Offices, Occupancy & IT
12%
Fees to Service Providers
6%
Depreciation
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,482,168
$6,902,236
-8%
Government Grants
$2,042,827
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$22,434,913
$22,483,712
+0%
Membership Dues
$0
$0
-
Investments
$320,222
$308,256
-4%
Other
$710,211
$637,679
-10%
Total Revenues
$32,990,341
$30,331,883
-8%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,372,199
$14,732,144
+3%
Fees to Service Providers
$1,191,549
$1,809,103
+52%
Advertising & Promotion
$41,427
$39,180
-5%
Offices, Occupancy & IT
$3,779,939
$3,629,241
-4%
Interest
$0
$0
-
Depreciation
$850,088
$896,196
+5%
Other
$7,809,753
$9,005,821
+15%
Total Expenses
$28,044,955
$30,111,685
+7%
Net income
2023
2024
Change
Net income
+$4,945,386
+$220,198
-96%
Functional Expenses
Summary
2023
2024
Change
Program
$24,487,789
$26,298,431
+7%
Admin
$3,552,300
$3,786,169
+7%
Fundraising
$4,866
$27,085
+457%
Total Expenses
$28,044,955
$30,111,685
+7%
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