School district · Wayne County, MI

Henry Ford College's money: where it comes from and where it goes

In the latest recorded fiscal year, Henry Ford College took in $123 million and spent $110 million.

Latest recorded yearComes fromGoes to

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Where it comes from

State tax money33%Federal tax money29%Fees for services (college tuition, university housing and dining)26%School district taxes12%

What stands out

29%

of Henry Ford College's money comes from federal tax money.A typical community or technical college district gets 4.1%.

School district taxes12%

Property tax
12%$15.1 million

Fees for services26%

Fees for services
26%$31.3 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$28.0 million
  • University housing and dining$3.3 million

Amounts are by Census type of charge.

Federal tax money29%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
29%$35.6 million

State tax money33%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
33%$40.6 million

Where it goes

Schools and colleges99%Interest on debt1.1%

Spending by category100%

Schools and colleges
99%$109 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$76.0 million
  • Scholarships and other education subsidies$28.4 million
  • College housing, dining and bookstores$4.5 million
Interest on debt
1.1%$1.3 million
Sources and moreWhere these numbers come from and what they cover

Henry Ford College. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Henry Ford College itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.