MICHIGAN FREEDOM FUNDPub 78
Pub 78
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$2,233,832
Contributions
87%
Other
13%
Investments
<1%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024
$3,069,525
Other
46%
Salaries & Benefits
34%
Grants
8%
Offices, Occupancy & IT
6%
Fees to Service Providers
5%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$2,475,900
$1,941,148
-22%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$1,603
$1,286
-20%
Other
$93,863
$291,398
+210%
Total Revenues
$2,571,366
$2,233,832
-13%
Expenses
2023
2024
Change
Grants
$100,000
$240,000
+140%
Benefits to Members
$0
$0
-
Salaries & Benefits
$548,742
$1,051,764
+92%
Fees to Service Providers
$193,105
$164,493
-15%
Advertising & Promotion
$307,445
$0
-100%
Offices, Occupancy & IT
$104,370
$191,356
+83%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$230,982
$1,421,912
+516%
Total Expenses
$1,484,644
$3,069,525
+107%
Net income
2023
2024
Change
Net income
+$1,086,722
-$835,693
-177%
Functional Expenses
Summary
2023
2024
Change
Program
$1,291,184
$2,756,770
+114%
Admin
$193,460
$312,755
+62%
Fundraising
$0
$0
-
Total Expenses
$1,484,644
$3,069,525
+107%
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