Foundation for a Course in Miracles Inc

Analysis

Foundation for a Course in Miracles Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Foundation for a Course in Miracles Inc reported income of $497k and spending of $686k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $497k (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 386%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for a Course in Miracles Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within NV. Charities of a similar size with the same main cause include Kizuna Little Tokyo Inc ($497k), Downtown Islamic Center ($497k) and Volunteer Fire Department of New Fairfield Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $183k (27% of expenses). Other salaries and wages came to $212k. At year end it held assets of $6.8m against liabilities of $22k, net assets of $6.8m. It reported 7 employees.