Margauxs Miracle Foundation Inc

Analysis

Margauxs Miracle Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Margauxs Miracle Foundation Inc reported income of $325k and spending of $350k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $325k (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Margauxs Miracle Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Living Heart Foundation Inc ($325k), Jessica June Childrens Cancer Foundation Inc ($325k) and International Geriatric Diabetes Society Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (18% of expenses). At year end it held assets of $113k against liabilities of $0, net assets of $113k. It reported 1 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.