Michigan Community Action Inc
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$10,050,736
Program Services
95%
Contributions
3%
Investments
<1%
Government Grants
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$9,772,154
Fees to Service Providers
90%
Salaries & Benefits
6%
Other
3%
Offices, Occupancy & IT
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$60,000
$284,619
+374%
Government Grants
$100,000
$75,000
-25%
Fundraising Events
$0
$0
-
Program Services
$7,985,921
$9,597,449
+20%
Membership Dues
$0
$0
-
Investments
$51,320
$91,304
+78%
Other
$35,259
$2,364
-93%
Total Revenues
$8,232,500
$10,050,736
+22%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$512,860
$587,323
+15%
Fees to Service Providers
$7,289,409
$8,805,266
+21%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$123,449
$93,143
-25%
Interest
$0
$0
-
Depreciation
$0
$7,891
-
Other
$276,838
$278,531
+1%
Total Expenses
$8,202,556
$9,772,154
+19%
Net income
2023
2024
Change
Net income
+$29,944
+$278,582
+830%
Functional Expenses
Summary
2023
2024
Change
Program
$7,666,215
$9,265,083
+21%
Admin
$534,645
$507,071
-5%
Fundraising
$1,696
$0
-100%
Total Expenses
$8,202,556
$9,772,154
+19%
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