LUV MICHAEL INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$1,893,023
Contributions
41%
Fundraising Events
38%
Program Services
21%
Government Grants
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$1,764,767
Fees to Service Providers
40%
Offices, Occupancy & IT
20%
Salaries & Benefits
16%
Other
11%
Advertising & Promotion
6%
Depreciation
3%
Grants
2%
Interest
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$553,041
$776,494
+40%
Government Grants
$0
$0
-
Fundraising Events
$974,474
$720,155
-26%
Program Services
$306,392
$396,374
+29%
Membership Dues
$0
$0
-
Investments
$0
$0
-
Other
$0
$0
-
Total Revenues
$1,833,907
$1,893,023
+3%
Expenses
2023
2024
Change
Grants
$295,000
$36,000
-88%
Benefits to Members
$0
$0
-
Salaries & Benefits
$253,062
$290,248
+15%
Fees to Service Providers
$742,118
$699,369
-6%
Advertising & Promotion
$65,411
$113,753
+74%
Offices, Occupancy & IT
$372,054
$356,907
-4%
Interest
$1,313
$14,122
+976%
Depreciation
$57,570
$56,578
-2%
Other
$208,291
$197,790
-5%
Total Expenses
$1,994,819
$1,764,767
-12%
Net income
2023
2024
Change
Net income
-$160,912
+$128,256
-180%
Functional Expenses
Summary
2023
2024
Change
Program
$1,503,363
$1,267,700
-16%
Admin
$280,437
$290,377
+4%
Fundraising
$211,019
$206,690
-2%
Total Expenses
$1,994,819
$1,764,767
-12%
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