funder logo

MIDLAND AREA COMMUNITY FOUNDATION

MIDLAND AREA COMMUNITY FOUNDATION

MIDLAND, MI, US
501(c)(3)
EIN
38-2023395
DAF Sponsor
Community Foundation
Regional Funder
funder logo

MIDLAND AREA COMMUNITY FOUNDATION

MIDLAND, MI, US
501(c)(3)
EIN
38-2023395
DAF Sponsor
Community Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$15,713,381

Contributions
60%
Investments
20%
Other
20%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$12,605,675

Grants
58%
Other
28%
Salaries & Benefits
9%
Fees to Service Providers
3%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$6,837,345
$9,445,596
+38%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,675,267
$3,163,511
+18%
Other
$4,001,174
$3,104,274
-22%
Total Revenues
$13,513,786
$15,713,381
+16%
Expenses
2023
2024
Change
Grants
$5,788,981
$7,301,924
+26%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,100,927
$1,153,416
+5%
Fees to Service Providers
$303,933
$387,768
+28%
Advertising & Promotion
$58,927
$86,027
+46%
Offices, Occupancy & IT
$89,763
$89,823
+0%
Interest
$0
$0
-
Depreciation
$35,889
$37,446
+4%
Other
$5,197,262
$3,549,271
-32%
Total Expenses
$12,575,682
$12,605,675
+0%
Net income
2023
2024
Change
Net income
+$938,104
+$3,107,706
+231%
Functional Expenses
Summary
2023
2024
Change
Program
$11,041,123
$10,900,171
-1%
Admin
$1,150,831
$1,301,756
+13%
Fundraising
$383,728
$403,748
+5%
Total Expenses
$12,575,682
$12,605,675
+0%
Income Statement
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