Michael S Foundation Inc

Analysis

Michael S Foundation Inc is a registered charity in United States, based in Groveland, FL. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Michael S Foundation Inc reported income of $690k and spending of $782k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $307k to $690k (+125%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael S Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Run for Ukraine ($690k), Capital Area Peer Services ($690k) and Prevention Now Inc ($690k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $327k. At year end it held assets of $141k against liabilities of $0, net assets of $141k. It reported 5 employees.