Miracles in Sight

Analysis

Miracles in Sight is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in December 1952, 74 years ago. 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, Miracles in Sight reported income of $16.6m and spending of $14.8m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $16.6m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miracles in Sight sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Carolina Friends School ($16.6m), Centro Social LA Esperanza ($16.6m) and Promedica Foundation ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $938k (6.3% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $23.7m against liabilities of $1.2m, net assets of $22.6m. It reported 116 employees.