Peter Michael Foundation

Analysis

Peter Michael Foundation is a registered charity in United States, based in Calistoga, CA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Peter Michael Foundation reported income of $831k and spending of $849k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $727k to $831k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 313%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Peter Michael Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Bancroft Foundation Inc ($830k), Malouf Foundation ($831k) and Entrepreneurs Foundation of Central Texas ($830k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. It paid $102k in professional fundraising fees. At year end it held assets of $944k against liabilities of $0, net assets of $944k.