Miracles Outreach & Community Development Center Inc

Analysis

Miracles Outreach & Community Development Center Inc is a registered charity in United States, based in Thonotosassa, FL. It received its IRS tax-exemption ruling in August 2002, 24 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 Outreach & Community Development Center Inc reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+15%), an average of +4.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miracles Outreach & Community Development Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Seed House Project ($1.6m), Hawaii Data Collaborative ($1.6m) and Lasting Impressions Child Developme NT Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $89k (5.8% of expenses). Other salaries and wages came to $651k. At year end it held assets of $2.7m against liabilities of $2.4m, net assets of $354k.