MICHIGAN CHAMBER OF COMMERCEPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,476,129
Program Services
90%
Other
5%
Investments
4%
Contributions
1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,510,243
Salaries & Benefits
64%
Offices, Occupancy & IT
17%
Other
6%
Fees to Service Providers
4%
Depreciation
4%
Advertising & Promotion
3%
Grants
3%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,839,352
$60,084
-98%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$4,539,558
$4,042,987
-11%
Membership Dues
$0
$0
-
Investments
$120,506
$166,462
+38%
Other
$100,393
$206,596
+106%
Total Revenues
$7,599,809
$4,476,129
-41%
Expenses
2023
2024
Change
Grants
$1,329,892
$126,000
-91%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,872,750
$2,877,130
+0%
Fees to Service Providers
$192,960
$201,630
+4%
Advertising & Promotion
$162,037
$126,126
-22%
Offices, Occupancy & IT
$766,238
$758,922
-1%
Interest
$0
$0
-
Depreciation
$181,951
$172,263
-5%
Other
$2,187,484
$248,172
-89%
Total Expenses
$7,693,312
$4,510,243
-41%
Net income
2023
2024
Change
Net income
-$93,503
-$34,114
+64%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$7,693,312
$4,510,243
-41%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)