Miracit Development Corporation Inc

Analysis

Miracit Development Corporation Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Miracit Development Corporation Inc reported income of $236k and spending of $269k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $370k to $236k (-36%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 318%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miracit Development Corporation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include First Richland Morrow Housing Inc VII ($236k), Habitat for Humanity International Inc ($236k) and Manny L Wilson Housing Development Fund Corporation ($236k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $167k, net assets of $1.2m.