Miracle Food Network Inc

Analysis

Miracle Food Network Inc is a registered charity in United States, based in Ferndale, WA. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Food Network Inc reported income of $5.0m and spending of $5.0m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.5m to $5.0m (+220%), an average of +47% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miracle Food Network Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Village Exchange Center Inc ($5.0m), The Improvement Association ($5.0m) and Family Involvement Center ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $185k, net assets of -$96k.