Project Miracle

Analysis

Project Miracle is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Project Miracle reported income of $597k and spending of $529k, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $609k to $597k (-2.0%), an average of -0.7% a year. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Miracle sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include American Museum of Fly Fishing Inc ($597k), Jewish Russian Learning Center Inc ($597k) and Ohio Falun Dafa Association ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $383k. At year end it held assets of $319k against liabilities of $98k, net assets of $222k.