Miracle Travel Works Inc

Analysis

Miracle Travel Works Inc is a registered charity in United States, based in Ankeny, IA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Travel Works Inc reported income of $307k and spending of $229k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $229k to $307k (+34%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miracle Travel Works Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Catholic Psychotherapy Association Inc ($307k), Tartu Foundation Inc ($308k) and Union Fire Co & Rescue Squad ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $265k against liabilities of $872, net assets of $264k.