MCLAREN BAY MEDICAL FOUNDATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$1,455,882
Contributions
45%
Investments
28%
Other
16%
Fundraising Events
10%
Government Grants
<1%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$970,600
Grants
53%
Salaries & Benefits
38%
Fees to Service Providers
3%
Offices, Occupancy & IT
3%
Other
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,884,394
$650,205
-65%
Government Grants
$12,121
$10,810
-11%
Fundraising Events
$142,265
$148,898
+5%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$347,254
$411,618
+19%
Other
-$18,700
$234,351
-1353%
Total Revenues
$2,367,334
$1,455,882
-39%
Expenses
2023
2024
Change
Grants
$711,923
$514,389
-28%
Benefits to Members
$0
$0
-
Salaries & Benefits
$351,465
$369,109
+5%
Fees to Service Providers
$12,748
$32,642
+156%
Advertising & Promotion
$19,856
$1,100
-94%
Offices, Occupancy & IT
$7,786
$29,885
+284%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$18,697
$23,475
+26%
Total Expenses
$1,122,475
$970,600
-14%
Net income
2023
2024
Change
Net income
+$1,244,859
+$485,282
-61%
Functional Expenses
Summary
2023
2024
Change
Program
$719,709
$544,274
-24%
Admin
$21,736
$24,321
+12%
Fundraising
$381,030
$402,005
+6%
Total Expenses
$1,122,475
$970,600
-14%
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