CONNECT DETROIT
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$8,777,458
Contributions
90%
Program Services
10%
Other
<1%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$8,664,477
Salaries & Benefits
63%
Other
34%
Offices, Occupancy & IT
2%
Fees to Service Providers
<1%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$7,424,117
$7,937,933
+7%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,048,558
$839,033
-20%
Membership Dues
$0
$0
-
Investments
$20
$20
+0%
Other
$34,521
$472
-99%
Total Revenues
$8,507,216
$8,777,458
+3%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,439,980
$5,481,538
+1%
Fees to Service Providers
$54,169
$52,621
-3%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$271,880
$181,362
-33%
Interest
$0
$0
-
Depreciation
$16,897
$15,676
-7%
Other
$3,175,906
$2,933,280
-8%
Total Expenses
$8,958,832
$8,664,477
-3%
Net income
2023
2024
Change
Net income
-$451,616
+$112,981
-125%
Functional Expenses
Summary
2023
2024
Change
Program
$8,111,985
$7,930,107
-2%
Admin
$846,847
$734,370
-13%
Fundraising
$0
$0
-
Total Expenses
$8,958,832
$8,664,477
-3%
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