MICHIGAN HUMANE SOCIETY
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$28,962,468
Contributions
78%
Program Services
12%
Other
4%
Fundraising Events
4%
Investments
2%
Government Grants
0%
Membership Dues
0%
Expenses in 2024
$29,973,869
Salaries & Benefits
48%
Other
34%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Depreciation
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$21,614,046
$22,653,457
+5%
Government Grants
$213,265
$0
-100%
Fundraising Events
$957,938
$1,019,390
+6%
Program Services
$4,058,204
$3,614,501
-11%
Membership Dues
$0
$0
-
Investments
$242,229
$503,323
+108%
Other
$664,637
$1,171,797
+76%
Total Revenues
$27,750,319
$28,962,468
+4%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,144,993
$14,414,128
+2%
Fees to Service Providers
$2,294,344
$1,776,328
-23%
Advertising & Promotion
$274,096
$287,384
+5%
Offices, Occupancy & IT
$2,534,417
$2,410,572
-5%
Interest
$0
$0
-
Depreciation
$1,137,590
$1,030,090
-9%
Other
$7,896,256
$10,055,367
+27%
Total Expenses
$28,281,696
$29,973,869
+6%
Net income
2023
2024
Change
Net income
-$531,377
-$1,011,401
-90%
Functional Expenses
Summary
2023
2024
Change
Program
$21,560,005
$24,019,167
+11%
Admin
$2,761,028
$2,959,311
+7%
Fundraising
$3,960,663
$2,995,391
-24%
Total Expenses
$28,281,696
$29,973,869
+6%
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