Mira Bella

Analysis

Mira Bella is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mira Bella reported income of $30.1m and spending of $38.1m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $31.8m to $30.1m (-5.2%), an average of -1.3% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mira Bella sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Solid Ground Washington ($29.7m), Mission Housing Development Corp ($30.2m) and Barton Creek Senior Living Center Inc ($29.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.5% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $268k (0.7% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $181.4m against liabilities of $314.3m, net assets of -$133.0m. It reported 397 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.