Financial Information for The Michael Phelps Foundation

The Michael Phelps Foundation's annual revenue was $1.5M in tax year 2025, reported on their IRS Form 990. They spent $1.3M in total expenses. 73% went to programs and services.

Financial Breakdown

What is The Michael Phelps Foundation's total annual expenses?

The Michael Phelps Foundation spent $1.3M in tax year 2025, according to their IRS Form 990 filing.

How much of The Michael Phelps Foundation's budget goes to programs?

The Michael Phelps Foundation spent $958K (73% of expenses) on programs and services in tax year 2025.

How much does The Michael Phelps Foundation spend on overhead?

The Michael Phelps Foundation's overhead in tax year 2025 includes administrative (14%) and fundraising (13%) of their expenses.

What is The Michael Phelps Foundation's net worth?

The Michael Phelps Foundation had net assets of $1.7M as of the end of tax year 2025.

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View full The Michael Phelps Foundation report

All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.