MICHIGAN VOICES
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$10,899,011
Contributions
>99%
Government Grants
0%
Fundraising Events
0%
Program Services
0%
Membership Dues
0%
Investments
0%
Other
0%
Expenses in 2024
$8,508,253
Grants
56%
Salaries & Benefits
19%
Fees to Service Providers
18%
Offices, Occupancy & IT
4%
Advertising & Promotion
2%
Other
2%
Benefits to Members
0%
Interest
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$3,141,239
$10,899,011
+247%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$3,204
$0
-100%
Other
$325
$0
-100%
Total Revenues
$3,144,768
$10,899,011
+247%
Expenses
2023
2024
Change
Grants
$503,375
$4,749,505
+844%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,313,374
$1,574,391
+20%
Fees to Service Providers
$174,790
$1,505,790
+761%
Advertising & Promotion
$40,544
$193,196
+377%
Offices, Occupancy & IT
$203,168
$305,600
+50%
Interest
$0
$0
-
Depreciation
$0
$0
-
Other
$533,551
$179,771
-66%
Total Expenses
$2,768,802
$8,508,253
+207%
Net income
2023
2024
Change
Net income
+$375,966
+$2,390,758
+536%
Functional Expenses
Summary
2023
2024
Change
Program
$2,700,979
$7,697,764
+185%
Admin
$67,823
$616,797
+809%
Fundraising
$0
$193,692
-
Total Expenses
$2,768,802
$8,508,253
+207%
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