St Michael Academy

Analysis

St Michael Academy is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Michael Academy reported income of $675k and spending of $644k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $447k to $675k (+51%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Michael Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include J Bulou Campbell TR Ua DTD 9237 Fbo Rabun Gap Nacoochee School ($675k), Collegiate Consortium for Workforce and Economic Development ($675k) and Vail Symposium ($675k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $386k. At year end it held assets of $117k against liabilities of $246k, net assets of -$129k. It reported 15 employees.