Miracle Healing Center

Analysis

Miracle Healing Center is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Miracle Healing Center reported income of $891k and spending of $734k, spending 82% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $533k to $891k (+67%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Miracle Healing Center 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 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Iqra Community Services Inc ($891k), Alliance for Shared Values Inc ($891k) and Al Horreya Inc ($890k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $157k (21% of expenses). Other salaries and wages came to $104k. At year end it held assets of $696k against liabilities of $3,540, net assets of $692k. It reported 6 employees.