Michaels Daughter Foundation

Analysis

Michaels Daughter Foundation is a registered charity in United States, based in Newhall, CA. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Daughter Foundation reported income of $369k and spending of $220k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $369k (+367%), an average of +367% a year. The sharpest change came in the year to December 2023, when income rose by 367%. Over the whole period it spent 65% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Michaels Daughter Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Imagine Academy LLC ($369k), Be the Neighbor ($369k) and MNC 1240 Valencia Inc ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $14k (6.4% of expenses). At year end it held assets of $157k against liabilities of $0, net assets of $157k. It reported 1 employees.