Michigan Advocacy Program
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$27,632,190
Government Grants
56%
Contributions
43%
Investments
<1%
Program Services
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$26,266,147
Salaries & Benefits
82%
Fees to Service Providers
8%
Offices, Occupancy & IT
5%
Other
5%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$4,851,038
$11,894,651
+145%
Government Grants
$19,364,815
$15,444,531
-20%
Fundraising Events
$0
$0
-
Program Services
$3,960
$79,820
+1916%
Membership Dues
$0
$0
-
Investments
$190,102
$188,854
-1%
Other
$61,418
$24,334
-60%
Total Revenues
$24,471,333
$27,632,190
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$18,891,346
$21,495,586
+14%
Fees to Service Providers
$2,534,691
$2,122,730
-16%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,174,100
$1,272,872
+8%
Interest
$0
$0
-
Depreciation
$193,474
$187,342
-3%
Other
$984,113
$1,187,617
+21%
Total Expenses
$23,777,724
$26,266,147
+10%
Net income
2023
2024
Change
Net income
+$693,609
+$1,366,043
+97%
Functional Expenses
Summary
2023
2024
Change
Program
$21,486,013
$23,374,031
+9%
Admin
$2,183,941
$2,731,790
+25%
Fundraising
$107,770
$160,326
+49%
Total Expenses
$23,777,724
$26,266,147
+10%
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