Miracles of Faith Ministries

Analysis

Miracles of Faith Ministries is a registered charity in United States, based in MC Cool, MS. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Miracles of Faith Ministries reported income of $77k and spending of $95k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $77k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miracles of Faith Ministries sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MS. Charities of a similar size with the same main cause include East Rock Creek Village Inc ($77k), Capstone Foundation ($77k) and Good Samaritan Outreach Center ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $2,426, net assets of $10k.