Miracle Mile Rockford Corporation

Analysis

Miracle Mile Rockford Corporation is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in January 2018, 8 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, Miracle Mile Rockford Corporation reported income of $60k and spending of $42k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $60k (+132%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miracle Mile Rockford Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within IL. Charities of a similar size with the same main cause include Irish Meadows Inc ($60k), Davis Odd Fellows Helping Hands Inc ($60k) and Rainbow Festival Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.0% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.