Miraleste Intermediate School

Analysis

Miraleste Intermediate School is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in November 1970, 56 years ago. 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 May 2024, Miraleste Intermediate School reported income of $177k and spending of $204k, spending 115% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $196k to $177k (-9.4%), an average of -9.4% a year. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miraleste Intermediate School sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Friends of the Lafayette Library and Learning Center ($177k), Pleasant Valley Historical Society ($177k) and Legatus ($177k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 0.3% and program service revenue 68% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.