Miracle Ear Funding Inc

Analysis

Miracle Ear Funding Inc is a registered charity in United States, based in Johnstown, NY. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Miracle Ear Funding Inc reported income of $156k and spending of $151k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $124k to $156k (+26%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Miracle Ear Funding Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Limitless Health Institute Inc ($155k), People United to Save Urban America ($156k) and The Cheshire Half Marathon 5k Foundation Inc ($155k).

At year end it held assets of $4,775 against liabilities of $0, net assets of $4,775.