funder logo

THE MICHAEL PHELPS FOUNDATION

THE MICHAEL PHELPS FOUNDATION

Litchfield Park, AZ, US
501(c)3
EIN
61-1571538
Fund Raising & Fund Distribution
Regional Funder
funder logo

THE MICHAEL PHELPS FOUNDATION

Litchfield Park, AZ, US
501(c)3
EIN
61-1571538
Fund Raising & Fund Distribution
Regional Funder

Income Statement

Fiscal Year Start:
Jan 1
Data visualization unavailable
Revenues in 2024

$1,340,905

Fundraising Events
N/A
Contributions
N/A
Investments
N/A
Government Grants
N/A
Program Services
N/A
Membership Dues
N/A
Expenses in 2024

$1,265,182

Grants
47%
Other
26%
Salaries & Benefits
19%
Fees to Service Providers
6%
Offices, Occupancy & IT
2%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Depreciation
0%
Revenues
2023
2024
Change
Contributions
$704,060
$611,147
-13%
Government Grants
$0
$0
-
Fundraising Events
$686,688
$1,276,300
+86%
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$22,687
$4,832
-79%
Other
-$285,946
-$551,374
+93%
Total Revenues
$1,127,489
$1,340,905
+19%
Expenses
2023
2024
Change
Grants
$644,614
$588,885
-9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$266,079
$234,267
-12%
Fees to Service Providers
$153,725
$69,789
-55%
Advertising & Promotion
$269
$10,866
+3939%
Offices, Occupancy & IT
$37,302
$25,920
-31%
Interest
$197
$583
+196%
Depreciation
$0
$0
-
Other
$313,312
$334,872
+7%
Total Expenses
$1,415,498
$1,265,182
-11%
Net income
2023
2024
Change
Net income
-$288,009
+$75,723
-126%
Functional Expenses
Summary
2023
2024
Change
Program
$1,122,357
$1,046,680
-7%
Admin
$221,044
$133,545
-40%
Fundraising
$72,097
$84,957
+18%
Total Expenses
$1,415,498
$1,265,182
-11%
Income Statement
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