Miracle Academy Nursery Center Inc

Analysis

Miracle Academy Nursery Center Inc is a registered charity in United States, based in Russellville, SC. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miracle Academy Nursery Center Inc reported income of $535k and spending of $391k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $375k to $535k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miracle Academy Nursery Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within SC. Charities of a similar size with the same main cause include East Orchard Christian Academy Inc ($535k), Huber Heights Athletic Foundation ($535k) and Coram Deo Classical Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $18k (4.6% of expenses). Other salaries and wages came to $142k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 13 employees.