MAC INCORPORATED
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$7,306,596
Government Grants
65%
Program Services
22%
Contributions
9%
Investments
2%
Other
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$7,319,253
Salaries & Benefits
48%
Grants
29%
Other
11%
Fees to Service Providers
4%
Offices, Occupancy & IT
4%
Depreciation
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$767,829
$683,703
-11%
Government Grants
$6,427,243
$4,773,206
-26%
Fundraising Events
$0
$0
-
Program Services
$1,441,723
$1,613,413
+12%
Membership Dues
$0
$0
-
Investments
$75,777
$136,922
+81%
Other
$121,525
$99,352
-18%
Total Revenues
$8,834,097
$7,306,596
-17%
Expenses
2023
2024
Change
Grants
$2,043,038
$2,095,270
+3%
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,406,144
$3,513,715
+3%
Fees to Service Providers
$354,270
$327,193
-8%
Advertising & Promotion
$11,035
$6,656
-40%
Offices, Occupancy & IT
$407,631
$326,210
-20%
Interest
$0
$0
-
Depreciation
$218,648
$226,797
+4%
Other
$803,320
$823,412
+3%
Total Expenses
$7,244,086
$7,319,253
+1%
Net income
2023
2024
Change
Net income
+$1,590,011
-$12,657
-101%
Functional Expenses
Summary
2023
2024
Change
Program
$6,520,279
$6,524,077
+0%
Admin
$675,903
$768,450
+14%
Fundraising
$47,904
$26,726
-44%
Total Expenses
$7,244,086
$7,319,253
+1%
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