Michael G Reagan Portrait Foundation

Analysis

Michael G Reagan Portrait Foundation is a registered charity in United States, based in Edmonds, WA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michael G Reagan Portrait Foundation reported income of $51k and spending of $33k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $51k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael G Reagan Portrait Foundation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 14th percentile within WA. Charities of a similar size with the same main cause include Purpose House Ministries ($51k), Ten18 Foundation Inc ($51k) and Delhi Cemetery Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $525k against liabilities of $0, net assets of $525k.