MICHIGAN FLYWHEELERS MUSEUM INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$239,840
Program Services
46%
Contributions
38%
Other
12%
Membership Dues
3%
Investments
2%
Government Grants
0%
Fundraising Events
0%
Expenses in 2024
$199,715
Other
44%
Offices, Occupancy & IT
31%
Depreciation
19%
Advertising & Promotion
4%
Fees to Service Providers
1%
Grants
0%
Benefits to Members
0%
Salaries & Benefits
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$88,259
$91,397
+4%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$116,143
$109,743
-6%
Membership Dues
$6,954
$6,408
-8%
Investments
$6,131
$3,975
-35%
Other
$23,980
$28,317
+18%
Total Revenues
$241,467
$239,840
-1%
Expenses
2023
2024
Change
Grants
$100
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$3,956
$2,849
-28%
Advertising & Promotion
$8,562
$8,618
+1%
Offices, Occupancy & IT
$171,735
$62,374
-64%
Interest
$0
$0
-
Depreciation
$23,404
$37,105
+59%
Other
$71,667
$88,769
+24%
Total Expenses
$279,424
$199,715
-29%
Net income
2023
2024
Change
Net income
-$37,957
+$40,125
-206%
Functional Expenses
Summary
2023
2024
Change
Program
$266,640
$189,367
-29%
Admin
$12,784
$10,348
-19%
Fundraising
$0
$0
-
Total Expenses
$279,424
$199,715
-29%
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