St Michaels School Foundation Inc

Analysis

St Michaels School Foundation Inc is a registered charity in United States, based in Remus, MI. It received its IRS tax-exemption ruling in November 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Michaels School Foundation Inc reported income of $70k and spending of $97k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $218k to $70k (-68%), an average of -32% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Michaels School Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include The Wheeling Mt Zion Cemetery Corporation ($70k), Christ Child Society of Summit NJ ($70k) and Ncavad Inc ($70k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.