Miravia Inc

Analysis

Miravia Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1994, 32 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 June 2023, Miravia Inc reported income of $1.6m and spending of $992k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $793k to $1.6m (+97%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miravia Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Housing Management Services Inc ($1.6m), Mutual Housing Association of Hawaii Inc ($1.6m) and Habitat for Humanity International Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (8.7% of expenses). Other salaries and wages came to $391k. At year end it held assets of $5.0m against liabilities of $690k, net assets of $4.3m. It reported 18 employees.