Path to Miracles Inc

Analysis

Path to Miracles Inc is a registered charity in United States, based in Canute, OK. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, 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, Path to Miracles Inc reported income of $68k and spending of $51k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $883k to $68k (-92%), an average of -47% a year. The sharpest change came in the year to December 2020, when income dropped by 96%. Over the whole period it spent 23% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Path to Miracles Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within OK. Charities of a similar size with the same main cause include Overland One Foundation ($68k), Parkinsons Education & Support Group of Sussex County ($68k) and Stirrup Courage ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $8,500 (17% of expenses). At year end it held assets of $845k against liabilities of $0, net assets of $845k.