Michaels Cares

Analysis

Michaels Cares is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Michaels Cares reported income of $410k and spending of $877k, spending 214% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $705k to $410k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 470%. Over the whole period it spent 132% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michaels Cares sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Chico Community Childrens Center ($410k), American Baptist Homes of the Midwest Foundation ($410k) and A Caring Place Pregnancy Help Center ($410k).

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 $267k against liabilities of $0, net assets of $267k.