Miles Law School Inc

Analysis

Miles Law School Inc is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in January 1986, 40 years ago. 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 April 2023, Miles Law School Inc reported income of $241k and spending of $250k, spending 104% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $155k to $241k (+55%), an average of +12% a year. The sharpest change came in the year to April 2021, when income rose by 80%. Over the whole period it spent 143% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miles Law School Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within AL. Charities of a similar size with the same main cause include Southern Colorado Educational Television Consortium ($241k), Galluparts Inc ($241k) and Sunshine Daycare Center Inc ($241k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $44k (18% of expenses). Other salaries and wages came to $120k. At year end it held assets of $362k against liabilities of $0, net assets of $362k. It reported 14 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.