Detroit Future City
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$3,697,586
Contributions
86%
Government Grants
6%
Program Services
5%
Other
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,565,257
Salaries & Benefits
70%
Fees to Service Providers
13%
Grants
6%
Other
6%
Offices, Occupancy & IT
5%
Depreciation
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$680,421
$3,198,000
+370%
Government Grants
$97,981
$210,349
+115%
Fundraising Events
$1,575
$0
-100%
Program Services
$61,012
$174,671
+186%
Membership Dues
$0
$0
-
Investments
$25,729
$12,175
-53%
Other
$8,798
$102,391
+1064%
Total Revenues
$875,516
$3,697,586
+322%
Expenses
2023
2024
Change
Grants
$36,705
$220,483
+501%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,047,701
$2,486,593
+21%
Fees to Service Providers
$435,537
$452,215
+4%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$173,400
$174,930
+1%
Interest
$0
$0
-
Depreciation
$12,095
$11,599
-4%
Other
$234,668
$219,437
-6%
Total Expenses
$2,940,106
$3,565,257
+21%
Net income
2023
2024
Change
Net income
-$2,064,590
+$132,329
-106%
Functional Expenses
Summary
2023
2024
Change
Program
$2,050,575
$2,609,957
+27%
Admin
$598,432
$654,347
+9%
Fundraising
$291,099
$300,953
+3%
Total Expenses
$2,940,106
$3,565,257
+21%
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