Milagre Kids School Inc

Analysis

Milagre Kids School Inc is a registered charity in United States, based in Pennsburg, PA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Milagre Kids School Inc reported income of $1.8m and spending of $1.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Milagre Kids School Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include South Carolina Governors School for Sci & Math Foundation Inc ($1.8m), Pungo Christian Academy Inc ($1.8m) and Southwest Open School ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $124k (6.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $177k against liabilities of $8,812, net assets of $168k. It reported 46 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.