Michels Corporation Scholarship Fund Inc

Analysis

Michels Corporation Scholarship Fund Inc is a registered charity in United States, based in Brownsville, WI. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michels Corporation Scholarship Fund Inc reported income of $111k and spending of $96k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $111k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michels Corporation Scholarship Fund Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within WI. Charities of a similar size with the same main cause include Makena Childrens Foundation Inc ($111k), Wilson Elementary PTO ($112k) and Oregon Coalition of Community Charter Schools ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $251k against liabilities of $2,000, net assets of $249k.