Michaels Miracles a NJ Nonprofit Corporation

Analysis

Michaels Miracles a NJ Nonprofit Corporation is a registered charity in United States, based in Raritan, NJ. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Michaels Miracles a NJ Nonprofit Corporation reported income of $56k and spending of $66k, spending 118% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $79k to $56k (-29%), an average of -29% a year. The sharpest change came in the year to June 2024, when income dropped by 29%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michaels Miracles a NJ Nonprofit Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Beccas Closet Inc ($56k), Houston Scottish Rite Learning Center Foundation ($56k) and Cushing Elementary Parent Teacher Organization Incorporated ($56k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 4.7% of the total. At year end it held assets of $28k against liabilities of $21, net assets of $28k.