Michael Phelps Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 302,321 | 476,557 | −174,236 | 8.7 | 11% |
| 2012 | 923,217 | 805,937 | 117,280 | 6.9 | 7% |
| 2013 | 463,425 | 675,291 | −211,866 | 4.4 | 10% |
| 2014 | 524,055 | 641,077 | −117,022 | 2.5 | 12% |
| 2015 | 110,289 | 289,551 | −179,262 | -1.9 | 30% |
| 2016 | 633,202 | 294,091 | 339,111 | 12.0 | 18% |
| 2017 | 1,012,670 | 337,775 | 674,895 | 34.4 | 17% |
| 2018 | 1,101,282 | 975,490 | 125,792 | 13.5 | 9% |
| 2019 | 846,574 | 877,556 | −30,982 | 14.5 | 14% |
| 2020 | 1,240,856 | 600,939 | 639,917 | 34.0 | 24% |
| 2021 | 681,369 | 709,662 | −28,293 | 28.3 | 21% |
| 2022 | 832,791 | 869,679 | −36,888 | 22.6 | 19% |
| 2023 | 1,127,489 | 1,415,498 | −288,009 | 11.4 | 16% |
In its most recent public year (2023), this organization spent $288,009 more than it brought in. Its reserves stood at about 11.4 months of spending, up from 8.7 in 2011. Staff pay was 16% of spending. $57,000 of its net assets are donor-restricted.
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
Michael Phelps 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