Hemophilia Foundation of Michigan
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$4,808,942
Contributions
68%
Government Grants
30%
Program Services
1%
Investments
<1%
Other
<1%
Membership Dues
<1%
Fundraising Events
0%
Expenses in 2024
$4,389,054
Salaries & Benefits
37%
Grants
25%
Other
23%
Offices, Occupancy & IT
9%
Fees to Service Providers
5%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,826,412
$3,280,514
+16%
Government Grants
$1,029,279
$1,432,248
+39%
Fundraising Events
$0
$0
-
Program Services
$60,334
$60,500
+0%
Membership Dues
$3,210
$2,560
-20%
Investments
$21,200
$28,366
+34%
Other
$697
$4,754
+582%
Total Revenues
$3,941,132
$4,808,942
+22%
Expenses
2023
2024
Change
Grants
$989,012
$1,108,294
+12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,605,282
$1,621,934
+1%
Fees to Service Providers
$219,206
$202,898
-7%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$359,386
$406,901
+13%
Interest
$0
$0
-
Depreciation
$30,702
$30,812
+0%
Other
$1,061,348
$1,018,215
-4%
Total Expenses
$4,264,936
$4,389,054
+3%
Net income
2023
2024
Change
Net income
-$323,804
+$419,888
-230%
Functional Expenses
Summary
2023
2024
Change
Program
$3,727,390
$3,842,921
+3%
Admin
$395,721
$424,881
+7%
Fundraising
$141,825
$121,252
-15%
Total Expenses
$4,264,936
$4,389,054
+3%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)