Theresa a Mike Scholarship Fund

Analysis

Theresa a Mike Scholarship Fund is a registered charity in United States, based in Coachella, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Theresa a Mike Scholarship Fund reported income of $173k and spending of $204k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $173k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 231%. Over the whole period it spent 180% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Theresa a Mike Scholarship Fund sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Aftp Foundation ($173k), California Homicide Investigators Association ($173k) and Strongsville Booster Club ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $50k (25% of expenses). At year end it held assets of $1.1m against liabilities of $25, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.