COVENANT HOUSE MICHIGAN
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$5,156,069
Contributions
54%
Other
17%
Program Services
11%
Government Grants
11%
Fundraising Events
7%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$7,279,542
Salaries & Benefits
68%
Offices, Occupancy & IT
9%
Fees to Service Providers
7%
Grants
6%
Depreciation
5%
Other
4%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,669,735
$2,775,776
+4%
Government Grants
$708,416
$564,470
-20%
Fundraising Events
$534,330
$377,982
-29%
Program Services
$568,444
$568,444
+0%
Membership Dues
$0
$0
-
Investments
$2,030
$3,159
+56%
Other
$884,736
$866,238
-2%
Total Revenues
$5,367,691
$5,156,069
-4%
Expenses
2023
2024
Change
Grants
$279,951
$409,433
+46%
Benefits to Members
$0
$0
-
Salaries & Benefits
$4,434,186
$4,939,636
+11%
Fees to Service Providers
$553,589
$506,379
-9%
Advertising & Promotion
$2,595
$51,090
+1869%
Offices, Occupancy & IT
$552,311
$675,466
+22%
Interest
$0
$0
-
Depreciation
$518,871
$394,748
-24%
Other
$230,123
$302,790
+32%
Total Expenses
$6,571,626
$7,279,542
+11%
Net income
2023
2024
Change
Net income
-$1,203,935
-$2,123,473
-76%
Functional Expenses
Summary
2023
2024
Change
Program
$5,005,775
$5,524,525
+10%
Admin
$1,093,656
$1,094,698
+0%
Fundraising
$472,195
$660,319
+40%
Total Expenses
$6,571,626
$7,279,542
+11%
Copyright 2026. All rights reserved to Chario Inc. (d.b.a. Impala)