Michael P Stefanik Charitable Foundation is a 501(c)(3) organization based in Coventry, Rhode Island, registered in 2020, with $1,946 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$1,946
▼ 89.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1,331
Net assets
$24K
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 P Stefanik Charitable Foundation— 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 P Stefanik Charitable Foundation: 215 mo reserves · +32% 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 P Stefanik Charitable Foundation— 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 P Stefanik Charitable Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $5,666 (FY2019) to $1,946 (FY2024) across 6 reported years.
Financial snapshot
Operating margin
31.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$24K
Total liabilities
$205
Net assets
$24K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,946▼89.1% | $1,331▼86.1% | $23,845▲2.6% | $24,050▲3.5% | 990PF |
| 2023 | $17,862▼33.7% | $9,584▼64.8% | $23,230▲55.4% | $23,230▲55.4% | 990PF |
| 2022 | $26,938▲28.8% | $27,262▲51.4% | $14,952▼2.1% | $14,952▼2.1% | 990PF |
| 2021 | $20,919▲723% | $18,011▲592% | $15,276▲237% | $15,276▲237% | 990PF |
| 2020 | $2,541▼55.2% | $2,603▲56.6% | $4,534▲13.2% | $4,534▲13.2% | 990PF |
| 2019 | $5,666 | $1,662 | $4,004 | $4,004 | 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 P Stefanik Charitable Foundation (EIN 84-3393951) 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.