Expect Miracles Foundation

Analysis

Expect Miracles Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Expect Miracles Foundation reported income of $3.2m and spending of $3.5m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.2m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Expect Miracles Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Chasdei Yisroel Inc ($3.2m), Mona Foundation ($3.2m) and B R Chamberlain Foundation for Public Enrichment Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 121% of the total. Compensation of current officers, directors and key employees was $345k (9.9% of expenses). Other salaries and wages came to $840k. At year end it held assets of $1.1m against liabilities of $597k, net assets of $536k. It reported 13 employees.