Logo for "CATHOLIC FOUNDATION OF MICHIGAN"

CATHOLIC FOUNDATION OF MICHIGAN

CATHOLIC FOUNDATION OF MICHIGAN

Bloomfield Hills, MI, US
501(c)3
EIN
81-4107324
DAF Sponsor
Regional Funder
Logo for "CATHOLIC FOUNDATION OF MICHIGAN"

CATHOLIC FOUNDATION OF MICHIGAN

Bloomfield Hills, MI, US
501(c)3
EIN
81-4107324
DAF Sponsor
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$8,719,246

Contributions
81%
Investments
14%
Other
5%
Fundraising Events
<1%
Government Grants
0%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$8,254,177

Grants
86%
Salaries & Benefits
6%
Fees to Service Providers
5%
Other
3%
Offices, Occupancy & IT
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$7,590,470
$7,027,918
-7%
Government Grants
$0
$0
-
Fundraising Events
$0
$84,025
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$939,614
$1,209,537
+29%
Other
$664,718
$397,766
-40%
Total Revenues
$9,194,802
$8,719,246
-5%
Expenses
2023
2024
Change
Grants
$4,993,826
$7,071,983
+42%
Benefits to Members
$0
$0
-
Salaries & Benefits
$440,863
$486,221
+10%
Fees to Service Providers
$317,098
$396,169
+25%
Advertising & Promotion
$9,037
$7,222
-20%
Offices, Occupancy & IT
$19,553
$24,890
+27%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$284,730
$267,692
-6%
Total Expenses
$6,065,107
$8,254,177
+36%
Net income
2023
2024
Change
Net income
+$3,129,695
+$465,069
-85%
Functional Expenses
Summary
2023
2024
Change
Program
$5,332,670
$7,425,670
+39%
Admin
$722,509
$787,886
+9%
Fundraising
$9,928
$40,621
+309%
Total Expenses
$6,065,107
$8,254,177
+36%
Income Statement
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