DETROIT ECONOMIC GROWTH CORPORATIONPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$10,468,570
Program Services
98%
Investments
2%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$10,432,405
Salaries & Benefits
85%
Offices, Occupancy & IT
6%
Other
4%
Fees to Service Providers
3%
Advertising & Promotion
2%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$9,987,019
$10,264,211
+3%
Membership Dues
$0
$0
-
Investments
$377,805
$204,359
-46%
Other
$0
$0
-
Total Revenues
$10,364,824
$10,468,570
+1%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,669,564
$8,874,016
+2%
Fees to Service Providers
$249,952
$267,128
+7%
Advertising & Promotion
$186,786
$192,698
+3%
Offices, Occupancy & IT
$631,678
$650,860
+3%
Interest
$0
$0
-
Depreciation
$65,080
$56,543
-13%
Other
$643,432
$391,160
-39%
Total Expenses
$10,446,492
$10,432,405
0%
Net income
2024
2025
Change
Net income
-$81,668
+$36,165
-144%
Functional Expenses
Summary
2024
2025
Change
Program
$8,808,730
$8,679,722
-1%
Admin
$1,637,762
$1,752,683
+7%
Fundraising
$0
$0
-
Total Expenses
$10,446,492
$10,432,405
0%
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