MICHIGAN SCHOOL OF PSYCHOLOGY
Income Statement
Fiscal Year Start:
Sep 1
Revenues in 2024
$6,348,055
Program Services
95%
Investments
3%
Other
2%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$6,220,842
Salaries & Benefits
75%
Offices, Occupancy & IT
7%
Other
6%
Fees to Service Providers
5%
Depreciation
4%
Interest
2%
Advertising & Promotion
1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$26,394
$12,494
-53%
Government Grants
$60,600
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$5,700,995
$6,014,729
+6%
Membership Dues
$0
$0
-
Investments
$155,111
$194,847
+26%
Other
$40,427
$125,985
+212%
Total Revenues
$5,983,527
$6,348,055
+6%
Expenses
2023
2024
Change
Grants
$80,500
$11,500
-86%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,383,138
$4,649,194
+6%
Fees to Service Providers
$322,366
$326,716
+1%
Advertising & Promotion
$62,619
$64,904
+4%
Offices, Occupancy & IT
$441,481
$441,191
0%
Interest
$122,470
$118,553
-3%
Depreciation
$228,039
$221,977
-3%
Other
$365,389
$386,807
+6%
Total Expenses
$6,006,002
$6,220,842
+4%
Net income
2023
2024
Change
Net income
-$22,475
+$127,213
-666%
Functional Expenses
Summary
2023
2024
Change
Program
$4,256,477
$4,287,676
+1%
Admin
$1,525,014
$1,818,993
+19%
Fundraising
$224,511
$114,173
-49%
Total Expenses
$6,006,002
$6,220,842
+4%
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