Miracle Lake Inc

Analysis

Miracle Lake Inc is a registered charity in United States, based in Etowah, TN. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Miracle Lake Inc reported income of $817k and spending of $777k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $817k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miracle Lake Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include East Texas Quality Care Network ($817k), Hudson Information Technology for Community Health Inc ($817k) and International Society for Bipolar Disorders Inc ($817k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 21% of the total. Other salaries and wages came to $355k. At year end it held assets of $545k against liabilities of $670, net assets of $544k. It reported 14 employees.