NEW DETROIT INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2023
$795,946
Contributions
94%
Program Services
4%
Other
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Investments
0%
Expenses in 2023
$1,298,559
Salaries & Benefits
54%
Other
42%
Offices, Occupancy & IT
4%
Depreciation
<1%
Grants
0%
Benefits to Members
0%
Fees to Service Providers
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2022
2023
Change
Contributions
$1,142,792
$748,896
-34%
Government Grants
$81,425
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$109,250
$34,533
-68%
Membership Dues
$0
$0
-
Investments
$16
$0
-100%
Other
$63,278
$12,517
-80%
Total Revenues
$1,396,761
$795,946
-43%
Expenses
2022
2023
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$650,792
$701,697
+8%
Fees to Service Providers
$0
$0
-
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$64,092
$50,732
-21%
Interest
$0
$0
-
Depreciation
$1,867
$1,234
-34%
Other
$598,214
$544,896
-9%
Total Expenses
$1,314,965
$1,298,559
-1%
Net income
2022
2023
Change
Net income
+$81,796
-$502,613
-714%
Functional Expenses
Summary
2022
2023
Change
Program
$982,242
$927,916
-6%
Admin
$332,723
$269,916
-19%
Fundraising
$0
$100,727
-
Total Expenses
$1,314,965
$1,298,559
-1%
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