The Michaels Organization Educational Foundation

Analysis

The Michaels Organization Educational Foundation is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in July 1991, 35 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, The Michaels Organization Educational Foundation reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.2m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Michaels Organization Educational Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Montgomery County Office for the Aging Inc ($2.2m), YWCA of Greater Lafayette ($2.2m) and Seed Daycare ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $598k against liabilities of $31k, net assets of $568k.