Hospice of Michigan Inc
Income Statement
Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024
$81,293,135
Program Services
N/A
Contributions
N/A
Fundraising Events
N/A
Investments
N/A
Government Grants
N/A
Membership Dues
N/A
Expenses in 2024
$79,492,880
Salaries & Benefits
57%
Other
29%
Fees to Service Providers
9%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,517,042
$4,341,839
+23%
Government Grants
$0
$0
-
Fundraising Events
$717,304
$734,611
+2%
Program Services
$68,105,837
$76,289,338
+12%
Membership Dues
$0
$0
-
Investments
$301,456
$451,813
+50%
Other
-$489,451
-$524,466
+7%
Total Revenues
$72,152,188
$81,293,135
+13%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$39,996,522
$45,019,983
+13%
Fees to Service Providers
$7,035,968
$7,532,183
+7%
Advertising & Promotion
$519,068
$576,057
+11%
Offices, Occupancy & IT
$4,567,113
$3,198,648
-30%
Interest
$14,569
$12,604
-13%
Depreciation
$179,950
$228,710
+27%
Other
$18,686,811
$22,924,695
+23%
Total Expenses
$71,000,001
$79,492,880
+12%
Net income
2023
2024
Change
Net income
+$1,152,187
+$1,800,255
+56%
Functional Expenses
Summary
2023
2024
Change
Program
$53,737,929
$59,517,923
+11%
Admin
$15,225,300
$18,409,660
+21%
Fundraising
$2,036,772
$1,565,297
-23%
Total Expenses
$71,000,001
$79,492,880
+12%
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