MICHIGAN PUBLIC HEALTH INSTITUTE
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$202,067,446
Government Grants
94%
Contributions
5%
Program Services
<1%
Investments
<1%
Other
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$199,034,364
Salaries & Benefits
63%
Other
24%
Grants
6%
Fees to Service Providers
4%
Offices, Occupancy & IT
1%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$9,492,057
$9,390,143
-1%
Government Grants
$154,159,056
$190,322,021
+23%
Fundraising Events
$0
$0
-
Program Services
$861,526
$1,084,909
+26%
Membership Dues
$0
$0
-
Investments
$863,110
$905,505
+5%
Other
-$41,976
$364,868
-969%
Total Revenues
$165,333,773
$202,067,446
+22%
Expenses
2023
2024
Change
Grants
$0
$12,787,014
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$107,339,339
$125,405,550
+17%
Fees to Service Providers
$8,228,660
$8,604,885
+5%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,380,313
$2,729,230
+15%
Interest
$0
$0
-
Depreciation
$1,656,826
$1,526,286
-8%
Other
$41,501,563
$47,981,399
+16%
Total Expenses
$161,106,701
$199,034,364
+24%
Net income
2023
2024
Change
Net income
+$4,227,072
+$3,033,082
-28%
Functional Expenses
Summary
2023
2024
Change
Program
$139,806,341
$174,216,563
+25%
Admin
$21,300,360
$24,817,801
+17%
Fundraising
$0
$0
-
Total Expenses
$161,106,701
$199,034,364
+24%
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