Michaels Way

Analysis

Michaels Way is a registered charity in United States, based in Fort Washington, PA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Michaels Way reported income of $1.0m and spending of $563k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.0m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michaels Way 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 78th percentile within PA. Charities of a similar size with the same main cause include Mental Health Minnesota ($1.0m), Urban Hope Ministries Inc ($1.0m) and Rest Haven Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $11.2m against liabilities of $2,535, net assets of $11.2m.