NORTHWEST MICHIGAN COMMUNITY ACTION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$27,411,108
Government Grants
97%
Contributions
2%
Program Services
1%
Other
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$27,098,459
Salaries & Benefits
56%
Grants
27%
Offices, Occupancy & IT
7%
Fees to Service Providers
7%
Other
3%
Depreciation
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$450,568
$486,658
+8%
Government Grants
$25,649,577
$26,512,538
+3%
Fundraising Events
$27,500
$0
-100%
Program Services
$343,378
$312,578
-9%
Membership Dues
$0
$0
-
Investments
$11,943
$20,981
+76%
Other
$30,030
$78,353
+161%
Total Revenues
$26,512,996
$27,411,108
+3%
Expenses
2023
2024
Change
Grants
$7,676,921
$7,216,879
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$13,770,668
$15,170,977
+10%
Fees to Service Providers
$1,841,732
$1,824,690
-1%
Advertising & Promotion
$63,734
$64,472
+1%
Offices, Occupancy & IT
$1,724,713
$1,829,517
+6%
Interest
$0
$0
-
Depreciation
$136,984
$121,453
-11%
Other
$937,232
$870,471
-7%
Total Expenses
$26,151,984
$27,098,459
+4%
Net income
2023
2024
Change
Net income
+$361,012
+$312,649
-13%
Functional Expenses
Summary
2023
2024
Change
Program
$25,032,785
$25,551,865
+2%
Admin
$993,177
$1,249,176
+26%
Fundraising
$126,022
$297,418
+136%
Total Expenses
$26,151,984
$27,098,459
+4%
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