Legal Aid of Western Michigan

Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$7,231,577
Government Grants
85%
Contributions
13%
Investments
3%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024
$7,141,229
Salaries & Benefits
81%
Offices, Occupancy & IT
7%
Other
5%
Fees to Service Providers
5%
Depreciation
1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$740,626
$916,172
+24%
Government Grants
$6,528,059
$6,118,277
-6%
Fundraising Events
$0
$0
-
Program Services
$35,134
$3,693
-89%
Membership Dues
$0
$0
-
Investments
$124,138
$193,435
+56%
Other
$0
$0
-
Total Revenues
$7,427,957
$7,231,577
-3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,972,371
$5,780,392
-3%
Fees to Service Providers
$310,099
$370,739
+20%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$550,788
$531,732
-3%
Interest
$0
$0
-
Depreciation
$68,194
$87,112
+28%
Other
$291,414
$371,254
+27%
Total Expenses
$7,192,866
$7,141,229
-1%
Net income
2023
2024
Change
Net income
+$235,091
+$90,348
-62%
Functional Expenses
Summary
2023
2024
Change
Program
$6,450,664
$5,944,775
-8%
Admin
$732,919
$1,192,294
+63%
Fundraising
$9,283
$4,160
-55%
Total Expenses
$7,192,866
$7,141,229
-1%
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