THE MICHIGAN WOMEN'S FOUNDATION
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$4,227,695
Contributions
60%
Government Grants
22%
Program Services
9%
Other
6%
Investments
2%
Fundraising Events
1%
Membership Dues
0%
Expenses in 2024
$3,008,686
Salaries & Benefits
57%
Other
15%
Fees to Service Providers
12%
Grants
6%
Offices, Occupancy & IT
6%
Interest
3%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$2,145,973
$2,545,226
+19%
Government Grants
$951,656
$931,082
-2%
Fundraising Events
$76,525
$45,098
-41%
Program Services
$369,855
$365,176
-1%
Membership Dues
$0
$0
-
Investments
$44,871
$75,142
+67%
Other
$486,219
$265,971
-45%
Total Revenues
$4,075,099
$4,227,695
+4%
Expenses
2023
2024
Change
Grants
$217,100
$181,718
-16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,703,752
$1,724,930
+1%
Fees to Service Providers
$296,188
$373,079
+26%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$163,909
$170,472
+4%
Interest
$118,495
$88,129
-26%
Depreciation
$7,012
$15,556
+122%
Other
$904,288
$454,802
-50%
Total Expenses
$3,410,744
$3,008,686
-12%
Net income
2023
2024
Change
Net income
+$664,355
+$1,219,009
+83%
Functional Expenses
Summary
2023
2024
Change
Program
$2,376,074
$2,263,793
-5%
Admin
$634,412
$405,789
-36%
Fundraising
$400,258
$339,104
-15%
Total Expenses
$3,410,744
$3,008,686
-12%
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