Fine Art Miracles Inc

Analysis

Fine Art Miracles Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Fine Art Miracles Inc reported income of $431k and spending of $303k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $431k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fine Art Miracles Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include Targum Publishing Co ($431k), International STEM League Inc ($431k) and Missouri Valley Eclipse ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $100k (33% of expenses). At year end it held assets of $274k against liabilities of $2,941, net assets of $271k. It reported 2 employees.