MICHIGAN THEATER FOUNDATION INC
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$5,577,279
Program Services
49%
Contributions
27%
Other
11%
Membership Dues
9%
Investments
3%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$6,810,643
Salaries & Benefits
42%
Other
34%
Depreciation
11%
Fees to Service Providers
5%
Offices, Occupancy & IT
4%
Advertising & Promotion
3%
Grants
0%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$1,176,710
$1,515,836
+29%
Government Grants
$0
$0
-
Fundraising Events
$102,521
$0
-100%
Program Services
$2,038,293
$2,759,814
+35%
Membership Dues
$540,527
$521,360
-4%
Investments
$101,720
$160,987
+58%
Other
$673,269
$619,282
-8%
Total Revenues
$4,633,040
$5,577,279
+20%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,518,051
$2,851,750
+13%
Fees to Service Providers
$360,527
$363,490
+1%
Advertising & Promotion
$185,584
$232,177
+25%
Offices, Occupancy & IT
$391,333
$291,176
-26%
Interest
$887
$0
-100%
Depreciation
$699,683
$753,085
+8%
Other
$1,632,993
$2,318,965
+42%
Total Expenses
$5,789,058
$6,810,643
+18%
Net income
2023
2024
Change
Net income
-$1,156,018
-$1,233,364
-7%
Functional Expenses
Summary
2023
2024
Change
Program
$3,534,266
$4,284,295
+21%
Admin
$1,635,882
$1,711,183
+5%
Fundraising
$618,910
$815,165
+32%
Total Expenses
$5,789,058
$6,810,643
+18%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)