Michaels Cause Inc

Analysis

Michaels Cause Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in April 2012, 14 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 (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 Cause Inc reported income of $340k and spending of $510k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $588k to $340k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michaels Cause Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include N D R Therapeutic Riding ($340k), Community Services for Vision Rehabilitation Inc ($340k) and Aktiv Against Cancer Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $882k against liabilities of $31k, net assets of $851k.