The Michaels Organization Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 360,296 | 295,939 | 64,357 | 5.7 | 0% |
| 2011 | 331,059 | 323,219 | 7,840 | 5.5 | 0% |
| 2012 | 576,045 | 336,638 | 239,407 | 13.9 | 0% |
| 2013 | 408,289 | 465,072 | −56,783 | 8.6 | 0% |
| 2014 | 476,746 | 532,027 | −55,281 | 6.2 | 0% |
| 2015 | 587,093 | 629,222 | −42,129 | 4.5 | 0% |
| 2016 | 791,352 | 715,443 | 75,909 | 5.2 | 0% |
| 2017 | 696,901 | 848,422 | −151,521 | 2.2 | 0% |
| 2018 | 813,941 | 838,691 | −24,750 | 1.9 | 0% |
| 2019 | 1,034,503 | 1,032,079 | 2,424 | 1.6 | 0% |
| 2020 | 1,473,377 | 1,303,052 | 170,325 | 3.7 | 0% |
| 2021 | 1,348,603 | 1,493,058 | −144,455 | 2.1 | 0% |
| 2022 | 1,780,980 | 1,656,306 | 124,674 | 2.8 | 0% |
| 2023 | 2,177,851 | 1,992,234 | 185,617 | 3.4 | 0% |
In its most recent public year (2023), this organization brought in $185,617 more than it spent. Its reserves stood at about 3.4 months of spending, down from 5.7 in 2010. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
The Michaels Organization Educational Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works