Miracle Place Inc

Analysis

Miracle Place Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Miracle Place Inc reported income of $615k and spending of $361k, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $443k to $615k (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Miracle Place Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Wrap Inc ($615k), Harambee Youth Training Corporation ($615k) and Lee and Sumter County Alliance ($615k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $57k (16% of expenses). Other salaries and wages came to $71k. At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m. It reported 4 employees.