The Miracle Foundation of Arts & Academics Inc

Analysis

The Miracle Foundation of Arts & Academics Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in June 2015, 11 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 (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, The Miracle Foundation of Arts & Academics Inc reported income of $64k and spending of $64k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $64k (-8.5%), an average of -8.5% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Miracle Foundation of Arts & Academics Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within GA. Charities of a similar size with the same main cause include New Players Theatre Guild Inc ($64k), Noontime Concerts ($64k) and Chamber Music Society of New Palz Inc ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1,103. At year end it held assets of $0 against liabilities of $0, net assets of $0.