Montgomerys Miracles Inc

Analysis

Montgomerys Miracles Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Montgomerys Miracles Inc reported income of $180k and spending of $185k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $100k to $180k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 135% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Montgomerys Miracles 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 51st percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Focal Point Corporation ($180k), Somerville Elks Charitable Trust ($180k) and Assumptions Inc ($180k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $342k against liabilities of $0, net assets of $342k.

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.