Saint Michael Foundation Inc

Analysis

Saint Michael Foundation Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in March 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Michael Foundation Inc reported income of $85k and spending of $21k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $33k to $85k (+157%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 1288%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Michael Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Texas Surveyors Foundation Inc ($85k), Ridgewood Parent-Teacher Co-Op ($85k) and Rizzo Rink Advisory Council ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.