My Town Miracles Inc

Analysis

My Town Miracles Inc is a registered charity in United States, based in Collierville, TN. It received its IRS tax-exemption ruling in December 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, My Town Miracles Inc reported income of $224k and spending of $198k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $224k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, My Town Miracles Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Marco Patriots Inc ($224k), Down Syndrome Society of Wichitainc ($224k) and Navy Safe Harbor Foundation ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $78k. At year end it held assets of $85k against liabilities of $2,270, net assets of $83k. It reported 1 employees.