Miracle Michael Fund

Analysis

Miracle Michael Fund is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in July 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miracle Michael Fund reported income of $105k and spending of $113k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $105k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2021, when income rose by 820%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Miracle Michael Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within IL. Charities of a similar size with the same main cause include Tempe Union High Schools Education Foundation Inc ($105k), The Abana Foundation ($105k) and Good Cheer Fund of Johnson County ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.