Michel Foundation
Michel Foundation consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 203424442 · Salt Lake Cty, UT · NTEE: T23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $335K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.1M |
| Transparency Score | 65/100 |
Is Michel Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Michel Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Michel Foundation
Michel Foundation (EIN: 203424442) is a nonprofit organization based in Salt Lake Cty, UT, classified under NTEE code T23. The organization reported total revenue of $124K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Michel Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Michel Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $335K |
| Surplus / Deficit | $-216,095 |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | -181.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 75.0 months |
Financial Health Grade: B
In 2024, Michel Foundation reported a deficit of $216K with expenses exceeding revenue, holds 75.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2024), Michel Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -46.4% | +45.1% | -9.3% |
| 2023 | -80.6% | +28.9% | -5.7% |
| 2021 | +1260.5% | -37.1% | +65.1% |
| 2020 | -58.5% | -1.8% | +7.9% |
| 2019 | +260.5% | +177.5% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Michel Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Michel Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $216K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with over $2 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Michel Foundation's IRS 990 filings:
- Consistent operational deficits (e.g., $216,095 deficit in 202406)
- Significant reliance on existing assets to cover expenses
- Highly volatile revenue streams, with a major spike in 202106 not sustained in subsequent years
- Unclear administrative cost structure given 0% officer compensation reported
Strengths
The following positive indicators were identified for Michel Foundation:
- Substantial asset base ($2,095,376 in 202406)
- Minimal liabilities across all reporting periods (often $1)
- No reported officer compensation, potentially indicating a volunteer-driven leadership
Frequently Asked Questions about Michel Foundation
Is Michel Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Michel Foundation (EIN: 203424442) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Michel Foundation spend its money?
Michel Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Michel Foundation tax-deductible?
Michel Foundation is registered as a tax-exempt nonprofit (EIN: 203424442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Michel Foundation CEO make?
Michel Foundation's highest-compensated officer earns $2 annually. The organization reported $124K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Michel Foundation's spending goes to programs?
Michel Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Michel Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Michel Foundation is above average for NTEE category T23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Michel Foundation located?
Michel Foundation is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 203424442. It is classified under NTEE code T23.
How many years of IRS 990 filings does Michel Foundation have?
Michel Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $124K in total revenue.
Is Michel Foundation a good charity?
The Michel Foundation has substantial assets and minimal liabilities, which are positive. However, its consistent operational deficits, where expenses frequently exceed revenue (e.g., $335,074 expenses vs. $118,979 revenue in 202406), raise questions about long-term financial sustainability without drawing down assets. The lack of reported officer compensation could be a strength if truly volunteer-led, but also a point of inquiry regarding how administrative functions are funded and managed.
How does Michel Foundation fund its operations given the deficits?
Given the recurring deficits (e.g., $216,095 deficit in 202406), the Michel Foundation appears to be funding its operations by drawing down its substantial asset base, which was $2,095,376 in 202406. This strategy is not sustainable indefinitely without significant new revenue streams or asset growth.
What caused the significant revenue spike in 202106?
The filing data shows a significant revenue spike to $1,145,662 in 202106, which is an outlier compared to other years where revenue typically ranges from $50,000 to $200,000. Further investigation into the nature of this revenue (e.g., a large one-time donation, grant, or asset sale) would be necessary to understand its impact and whether it represents a sustainable funding source.
Filing History
IRS 990 filing history for Michel Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), Michel Foundation's revenue has grown by 109.8%, moving from $57K to $119K. Total assets increased by 44.1% over the same period, from $1.5M to $2.1M. Total functional expenses rose by 216.7%, from $106K to $335K. In its most recent filing year (2024), Michel Foundation reported a deficit of $216K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $119K | $335K | $2.1M | $1 | — | — |
| 2023 | $222K | $231K | $2.3M | $1 | — | — |
| 2021 | $1.1M | $179K | $2.5M | $1 | — | View 990 |
| 2020 | $84K | $285K | $1.5M | $1 | — | — |
| 2019 | $203K | $290K | $1.4M | $50K | — | View 990 |
| 2015 | $56K | $105K | $1.4M | $1 | — | View 990 |
| 2014 | $100K | $102K | $1.4M | $0 | — | View 990 |
| 2013 | $52K | $49K | $1.4M | $1 | — | View 990 |
| 2012 | $48K | $89K | $1.4M | $1 | — | View 990 |
| 2011 | $57K | $106K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $119K, expenses of $335K, and assets of $2.1M (revenue -46.4% year-over-year).
- 2023: Revenue of $222K, expenses of $231K, and assets of $2.3M (revenue -80.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $179K, and assets of $2.5M (revenue +1260.5% year-over-year).
- 2020: Revenue of $84K, expenses of $285K, and assets of $1.5M (revenue -58.5% year-over-year).
- 2019: Revenue of $203K, expenses of $290K, and assets of $1.4M (revenue +260.5% year-over-year).
- 2015: Revenue of $56K, expenses of $105K, and assets of $1.4M (revenue -43.4% year-over-year).
- 2014: Revenue of $100K, expenses of $102K, and assets of $1.4M (revenue +91.3% year-over-year).
- 2013: Revenue of $52K, expenses of $49K, and assets of $1.4M (revenue +7.6% year-over-year).
- 2012: Revenue of $48K, expenses of $89K, and assets of $1.4M (revenue -14.7% year-over-year).
- 2011: Revenue of $57K, expenses of $106K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Michel Foundation:
Data Sources and Methodology
This transparency report for Michel Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.