Miles of Hope Breast Cancer Foundation Inc

Analysis

Miles of Hope Breast Cancer Foundation Inc is a registered charity in United States, based in Lagrangeville, NY. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miles of Hope Breast Cancer Foundation Inc reported income of $491k and spending of $557k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $535k to $491k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miles of Hope Breast Cancer Foundation Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Pachyonychia Congenita Fund ($491k), Gathering Hope House ($491k) and Headquarters ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $107k (19% of expenses). Other salaries and wages came to $94k. At year end it held assets of $2.3m against liabilities of $4,726, net assets of $2.3m. It reported 4 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.