Michael Ray Lee Foundation

Analysis

Michael Ray Lee Foundation is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in May 2021, 5 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 August 2023, Michael Ray Lee Foundation reported income of $134k and spending of $54k, leaving 59% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $181k to $134k (-26%), an average of -26% a year. The sharpest change came in the year to August 2023, when income dropped by 26%. Over the whole period it spent 45% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael Ray Lee Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within CO. Charities of a similar size with the same main cause include Alabama Sustainable Agriculture Network ($134k), Cityhope of New Hampshire ($134k) and Emerge Global Inc ($134k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% of the total. At year end it held assets of $323k against liabilities of $0, net assets of $323k.