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COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

Detroit, MI, US
501(c)3
EIN
38-2530980
DAF Sponsor
Community Foundation
Regional Funder
funder logo

COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

Detroit, MI, US
501(c)3
EIN
38-2530980
DAF Sponsor
Community Foundation
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$246,111,003

Other
52%
Contributions
38%
Investments
10%
Government Grants
<1%
Program Services
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$131,170,926

Grants
81%
Fees to Service Providers
9%
Salaries & Benefits
8%
Offices, Occupancy & IT
2%
Other
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$98,862,176
$93,595,872
-5%
Government Grants
$2,234,453
$618,723
-72%
Fundraising Events
$0
$0
-
Program Services
$1,071,086
$484,972
-55%
Membership Dues
$0
$0
-
Investments
$21,305,799
$24,269,167
+14%
Other
$4,700,060
$127,142,269
+2605%
Total Revenues
$128,173,574
$246,111,003
+92%
Expenses
2023
2024
Change
Grants
$95,386,578
$106,280,858
+11%
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,368,663
$10,079,554
+20%
Fees to Service Providers
$9,094,164
$11,249,419
+24%
Advertising & Promotion
$54,756
$314,348
+474%
Offices, Occupancy & IT
$3,273,756
$2,170,451
-34%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$1,052,370
$1,076,296
+2%
Total Expenses
$117,230,287
$131,170,926
+12%
Net income
2023
2024
Change
Net income
+$10,943,287
+$114,940,077
+950%
Functional Expenses
Summary
2023
2024
Change
Program
$102,550,164
$114,383,854
+12%
Admin
$13,597,897
$15,655,728
+15%
Fundraising
$1,082,226
$1,131,344
+5%
Total Expenses
$117,230,287
$131,170,926
+12%
Income Statement
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