Miracle Word Ministries

Analysis

Miracle Word Ministries is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Miracle Word Ministries reported income of $175k and spending of $110k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $414k to $175k (-58%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 81%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Miracle Word Ministries sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Pastors to Prisoners ($175k), Soul Purpose Ministries ($175k) and Alhuda Islamic Center ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $191k against liabilities of $0, net assets of $191k.