Michaels Place

Analysis

Michaels Place is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Place reported income of $1.0m and spending of $817k, spending 80% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $933k to $1.0m (+9.1%), an average of +1.8% a year. The sharpest change came in the year to June 2024, when income rose by 71%. Over the whole period it spent 79% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michaels Place sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Mental Health America of the Palm Beaches Inc ($1.0m), Ryan Shazier Fund for Spinal Rehabilitation ($1.0m) and Juice Plus Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $115k (14% of expenses). Other salaries and wages came to $336k. At year end it held assets of $794k against liabilities of $49k, net assets of $744k. It reported 10 employees.