DETROIT ATHLETIC CLUB FOUNDATION
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,176,130
Contributions
45%
Fundraising Events
38%
Other
13%
Investments
5%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$662,172
Grants
89%
Other
7%
Fees to Service Providers
2%
Depreciation
2%
Offices, Occupancy & IT
<1%
Benefits to Members
0%
Salaries & Benefits
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$442,519
$529,536
+20%
Government Grants
$0
$0
-
Fundraising Events
$283,967
$443,050
+56%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$50,458
$55,972
+11%
Other
-$255,688
$147,572
-158%
Total Revenues
$521,256
$1,176,130
+126%
Expenses
2023
2024
Change
Grants
$352,526
$587,428
+67%
Benefits to Members
$0
$0
-
Salaries & Benefits
$0
$0
-
Fees to Service Providers
$22,248
$14,685
-34%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$3,991
$3,633
-9%
Interest
$0
$0
-
Depreciation
$12,480
$12,480
+0%
Other
$107,284
$43,946
-59%
Total Expenses
$498,529
$662,172
+33%
Net income
2023
2024
Change
Net income
+$22,727
+$513,958
+2161%
Functional Expenses
Summary
2023
2024
Change
Program
$428,472
$601,125
+40%
Admin
$70,057
$61,047
-13%
Fundraising
$0
$0
-
Total Expenses
$498,529
$662,172
+33%
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