Miles Foundation Service Corporation

Analysis

Miles Foundation Service Corporation is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miles Foundation Service Corporation reported income of $1.6m and spending of $1.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+15%), an average of +3.6% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miles Foundation Service Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Saint Thomas Rutherford Foundation ($1.6m), V B R Foundation Inc ($1.6m) and Leadership Tulsa Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $2.8m against liabilities of $2.6m, net assets of $191k. It reported 8 employees.