MICHIGAN NONPROFIT ASSOCIATION
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$2,859,785
Program Services
40%
Contributions
38%
Government Grants
21%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$4,631,242
Grants
49%
Salaries & Benefits
33%
Offices, Occupancy & IT
8%
Fees to Service Providers
6%
Other
4%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$1,049,623
$1,076,992
+3%
Government Grants
$3,821,372
$608,930
-84%
Fundraising Events
$0
$0
-
Program Services
$1,201,177
$1,155,271
-4%
Membership Dues
$0
$0
-
Investments
$15
$17,750
+118233%
Other
$5,457
$842
-85%
Total Revenues
$6,077,644
$2,859,785
-53%
Expenses
2023
2024
Change
Grants
$1,796,979
$2,287,564
+27%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,429,325
$1,516,467
+6%
Fees to Service Providers
$465,498
$279,902
-40%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$395,505
$364,629
-8%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$171,127
$182,680
+7%
Total Expenses
$4,258,434
$4,631,242
+9%
Net income
2023
2024
Change
Net income
+$1,819,210
-$1,771,457
-197%
Functional Expenses
Summary
2023
2024
Change
Program
$3,728,054
$4,143,362
+11%
Admin
$515,385
$439,136
-15%
Fundraising
$14,995
$48,744
+225%
Total Expenses
$4,258,434
$4,631,242
+9%
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