Miracle Babies

Analysis

Miracle Babies is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Miracle Babies reported income of $487k and spending of $654k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $747k to $487k (-35%), an average of -10% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miracle Babies sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include 805 Undocufund ($487k), Peer Empowerment Network a Nonprofit Corporation ($487k) and Addison Community Athletics Foundation Inc ($487k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Other salaries and wages came to $216k. At year end it held assets of $1.5m against liabilities of $21k, net assets of $1.4m. It reported 8 employees.