The Mike Steele Foundation for Communities in Schools

Analysis

The Mike Steele Foundation for Communities in Schools is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in April 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, The Mike Steele Foundation for Communities in Schools reported income of $78k and spending of $140k, spending 179% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.0m to $78k (-92%), an average of -48% a year. The sharpest change came in the year to August 2022, when income rose by 1988%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Mike Steele Foundation for Communities in Schools sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include The Ford Field & River Club Scholarship Fund Inc ($78k), Elgin Music Booster Association ($78k) and Friends of the New York State Liberty Partnerships Inc ($78k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.1% of the total. At year end it held assets of $3.9m against liabilities of $3,913, net assets of $3.9m.