MACKINAC CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$11,410,796
Contributions
97%
Investments
3%
Program Services
<1%
Other
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,916,116
Salaries & Benefits
44%
Fees to Service Providers
17%
Advertising & Promotion
16%
Other
15%
Offices, Occupancy & IT
5%
Depreciation
<1%
Grants
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$10,575,857
$11,032,177
+4%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$19,609
$44,956
+129%
Membership Dues
$0
$0
-
Investments
$340,814
$297,346
-13%
Other
$100,401
$36,317
-64%
Total Revenues
$11,036,681
$11,410,796
+3%
Expenses
2023
2024
Change
Grants
$5,000
$110,000
+2100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,131,916
$5,734,010
+12%
Fees to Service Providers
$1,960,334
$2,219,662
+13%
Advertising & Promotion
$2,923,098
$2,105,710
-28%
Offices, Occupancy & IT
$678,344
$695,980
+3%
Interest
$0
$0
-
Depreciation
$124,832
$120,054
-4%
Other
$1,791,177
$1,930,700
+8%
Total Expenses
$12,614,701
$12,916,116
+2%
Net income
2023
2024
Change
Net income
-$1,578,020
-$1,505,320
+5%
Functional Expenses
Summary
2023
2024
Change
Program
$10,548,282
$10,822,741
+3%
Admin
$797,123
$695,102
-13%
Fundraising
$1,269,296
$1,398,273
+10%
Total Expenses
$12,614,701
$12,916,116
+2%
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