Miracle Corners of the World Inc

Analysis

Miracle Corners of the World Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Miracle Corners of the World Inc reported income of $1.1m and spending of $1.2m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Miracle Corners of the World 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 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Colink ($1.0m), Champions United FC ($1.1m) and Haitian Relief and Mission Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $250k. At year end it held assets of $2.4m against liabilities of $8,065, net assets of $2.3m. It reported 4 employees.