UNITED WAY OF SOUTHWEST MICHIGAN
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,378,513
Contributions
96%
Investments
2%
Program Services
1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,733,654
Grants
55%
Salaries & Benefits
27%
Other
10%
Fees to Service Providers
4%
Offices, Occupancy & IT
2%
Advertising & Promotion
1%
Depreciation
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,996,653
$3,241,961
-19%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$160,076
$36,664
-77%
Membership Dues
$0
$0
-
Investments
$58,888
$79,504
+35%
Other
-$12,682
$20,384
-261%
Total Revenues
$4,202,935
$3,378,513
-20%
Expenses
2023
2024
Change
Grants
$2,948,183
$2,603,630
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,648,734
$1,273,569
-23%
Fees to Service Providers
$155,341
$179,078
+15%
Advertising & Promotion
$81,110
$69,613
-14%
Offices, Occupancy & IT
$123,534
$109,554
-11%
Interest
$202
$266
+32%
Depreciation
$42,892
$34,553
-19%
Other
$461,990
$463,391
+0%
Total Expenses
$5,461,986
$4,733,654
-13%
Net income
2023
2024
Change
Net income
-$1,259,051
-$1,355,141
-8%
Functional Expenses
Summary
2023
2024
Change
Program
$4,239,652
$3,561,060
-16%
Admin
$781,236
$696,721
-11%
Fundraising
$441,098
$475,873
+8%
Total Expenses
$5,461,986
$4,733,654
-13%
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