DETROIT ECONOMIC GROWTH ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$9,165,300
Program Services
39%
Contributions
33%
Government Grants
28%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2025
$7,634,505
Fees to Service Providers
55%
Grants
26%
Advertising & Promotion
10%
Offices, Occupancy & IT
4%
Other
4%
Depreciation
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Revenues
2024
2025
Change
Contributions
$1,804,343
$2,993,908
+66%
Government Grants
$1,062,231
$2,552,116
+140%
Fundraising Events
$0
$0
-
Program Services
$3,701,390
$3,607,404
-3%
Membership Dues
$0
$0
-
Investments
$29,730
$11,872
-60%
Other
$0
$0
-
Total Revenues
$6,597,694
$9,165,300
+39%
Expenses
2024
2025
Change
Grants
$431,063
$1,962,043
+355%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$3,403,318
$4,188,711
+23%
Advertising & Promotion
$911,654
$799,623
-12%
Offices, Occupancy & IT
$174,230
$342,987
+97%
Interest
$0
$0
-
Depreciation
$31,912
$32,217
+1%
Other
$3,142,725
$308,924
-90%
Total Expenses
$8,094,902
$7,634,505
-6%
Net income
2024
2025
Change
Net income
-$1,497,208
+$1,530,795
-202%
Functional Expenses
Summary
2024
2025
Change
Program
$7,556,707
$7,124,940
-6%
Admin
$436,195
$407,565
-7%
Fundraising
$102,000
$102,000
+0%
Total Expenses
$8,094,902
$7,634,505
-6%
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