Miriams House Inc

Analysis

Miriams House Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Miriams House Inc reported income of $1.7m and spending of $1.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miriams House Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within VA. Charities of a similar size with the same main cause include Stewart Park Housing Development Fund Co Inc ($1.7m), Tenants to Homeowners Inc ($1.7m) and Sierra View Residences LLC ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $92k (6.3% of expenses). Other salaries and wages came to $618k. At year end it held assets of $5.5m against liabilities of $31k, net assets of $5.5m. It reported 24 employees.