Philanthropy & Grantmaking
(T30)
IRS Verified
DX Registered
990 on File
MIKEROWEWORKS FOUNDATION
Financial strength (30%)
69/100
Reliability (20%)
50/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
We’re on a mission to help close the skills gap by challenging the stigmas and stereotypes that discourage people from pursuing the millions of available jobs. We’re redefining the definition of a good education and a good job, because we don’t think a four-year degree is the best path for the most people. We want people to understand the impact of skilled labor on their lives, and we’re convinced that the solution has to start with a new appreciation for hard work.
Financial Overview — FY 2024
$5.9M
Total Revenue
$3.3M
Total Expenses
$13.3M
Net Assets
16
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
89.9%
Fundraising Efficiency
837.2%
Operating Reserve
48.94x
Liability-to-Asset
0.1%
Revenue Diversification
88.0%
Compared with Peers
FY 2024
Compared with 5,337 similar organizations
(United States, Philanthropy & Grantmaking, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
89.9% | 90.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.6% | 8.3% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.5% | 2.1% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
837.2% | 148.1% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
48.9 mo | 80.9 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 0.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
88.0% | 89.7% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
35.6% | 21.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
48.6% | 9.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
44.2% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $5.9M | $3.3M | $13.3M | 89.9% | 16 |
| 2023 | $4.3M | $2.2M | $11.0M | 89.5% | 11 |
| 2022 | $4.4M | $2.2M | $8.8M | 88.3% | 12 |
| 2021 | $3.8M | $1.4M | N/A | — | 2 |
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