Miracles of Grace Foundation Inc

Analysis

Miracles of Grace Foundation Inc is a registered charity in United States, based in Merigold, MS. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miracles of Grace Foundation Inc reported income of $146k and spending of $138k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $161k to $146k (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miracles of Grace Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within MS. Charities of a similar size with the same main cause include American Chemical Society ($146k), PTA North Carolina Congress ($146k) and Lions Foundation of Victoria ($145k).

Other salaries and wages came to $50k. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m. It reported 1 employees.