Mikeroweworks Foundation

Analysis

Mikeroweworks Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mikeroweworks Foundation reported income of $4.3m and spending of $2.2m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $4.3m (+175%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mikeroweworks Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Kehe Cares Foundation Inc ($4.3m), Cma Foundation ($4.3m) and Preparatory Foundation Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $121k. At year end it held assets of $11.0m against liabilities of $46k, net assets of $11.0m. It reported 11 employees.