Miracle Hill Ministries Inc

Analysis

Miracle Hill Ministries Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in November 1958, 68 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Miracle Hill Ministries Inc reported income of $23.7m and spending of $20.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.1m to $23.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miracle Hill Ministries Inc 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 98th percentile within SC. Charities of a similar size with the same main cause include Project Glimmer ($23.7m), Touchstone Behavioral Health ($23.8m) and Menorah Manor Inc ($23.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.8% of the total. Other salaries and wages came to $8.6m. At year end it held assets of $40.3m against liabilities of $8.4m, net assets of $31.9m. It reported 349 employees.