Miracle Village Inc

Analysis

Miracle Village Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Miracle Village Inc reported income of $373k and spending of $486k, spending 130% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $348k to $373k (+7.3%), an average of +1.8% a year. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miracle Village Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($373k), Chapel Court Housing Corporation ($373k) and Iihs Inc ($373k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 41% of the total. Other salaries and wages came to $85k. At year end it held assets of $3.3m against liabilities of $4.8m, net assets of -$1.5m. It reported 5 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.