Miraglo Foundation

Analysis

Miraglo Foundation is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Miraglo Foundation reported income of $1.1m and spending of $753k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $474k to $1.1m (+123%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miraglo Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Wisconsin Institute for Healthy Aging Inc ($1.1m), Go-Gogo Fundation Corp ($1.1m) and Bowdon Mt Zion Primary Health Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.9% of the total. Other salaries and wages came to $46k. At year end it held assets of $807k against liabilities of $0, net assets of $807k.