Michael Felsher Tr 2 35866 is a 501(c)(3) organization based in Dallas, Texas, registered in 2013, with $257,744 in FY2025 revenue. CharityIndex grades it C+.
Revenue (FY2025)
$258K
▲ 0.7% vs prior year
Philanthropy median: $168K
Expenses (FY2025)
$118K
Net assets
$2.7M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Michael Felsher Tr 2 35866— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Michael Felsher Tr 2 35866: 271 mo reserves · +54% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Michael Felsher Tr 2 35866— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Michael Felsher Tr 2 35866: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $81K (FY2014) to $258K (FY2025) across 12 reported years.
Financial snapshot
Operating margin
54.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$0
Net assets
$2.7M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $257,744▲0.7% | $117,814▼34.3% | $2,658,782▲5.6% | $2,658,782▲5.6% | 990PF |
| 2024 | $256,025▲57.3% | $179,416▲14.6% | $2,518,555▲3.0% | $2,518,555▲3.0% | 990PF |
| 2023 | $162,801▲169% | $156,590▲56.9% | $2,444,394▲0.2% | $2,444,394▲0.2% | 990PF |
| 2022 | -$237,076▼146% | $99,824▲19.6% | $2,438,477▼12.1% | $2,438,477▼12.1% | 990PF |
| 2021 | $520,870▲183% | $83,477▼3.3% | $2,775,149▲18.9% | $2,775,149▲18.9% | 990PF |
| 2020 | $183,913▲80.7% | $86,355▲2.1% | $2,334,941▲4.3% | $2,334,941▲4.3% | 990PF |
| 2019 | $101,786▼47.4% | $84,615▼60.0% | $2,238,569▲0.1% | $2,238,569▲0.1% | 990PF |
| 2018 | $193,404▼27.3% | $211,337▲48.7% | $2,237,270▼0.4% | $2,237,270▼0.4% | 990PF |
| 2017 | $265,912▲584% | $142,097▼0.4% | $2,246,048▲5.5% | $2,246,048▲5.5% | 990PF |
| 2016 | $38,876▼94.3% | $142,727▼58.5% | $2,128,522▼4.7% | $2,128,522▼4.7% | 990PF |
| 2015 | $676,493▲739% | $344,089▲269% | $2,233,273▲17.5% | $2,233,273▲17.5% | 990PF |
| 2014 | $80,585 | $93,231 | $1,900,751 | $1,900,751 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Michael Felsher Tr 2 35866 (EIN 36-6150729) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.