The Miracle Center Inc

Analysis

The Miracle Center Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, The Miracle Center Inc reported income of $576k and spending of $643k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $390k to $576k (+48%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 256%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Miracle Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Camp Luther of Nebraska Inc ($576k), Boys and Girls Club of Brown County Inc ($577k) and Pepup Tech Inc ($575k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $82k (13% of expenses). Other salaries and wages came to $203k. At year end it held assets of $2.1m against liabilities of $15k, net assets of $2.1m. It reported 5 employees.