Miracle of Love Inc

Analysis

Miracle of Love Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Miracle of Love Inc reported income of $5.0m and spending of $5.1m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $5.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miracle of Love Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include West Midland Family Center ($5.0m), Renewal Ranch ($5.0m) and Brother Benno Foundation Inc ($5.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $1.4m against liabilities of $642k, net assets of $709k. It reported 57 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.