Miracle Foundation Inc

Analysis

Miracle Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 March 2024, Miracle Foundation Inc reported income of $4.8m and spending of $5.1m, spending 107% of what it took in. Across the 6 years on record, from December 2019 to March 2024, income grew from $3.8m to $4.8m (+28%), an average of +5.1% a year. The sharpest change came in the year to March 2022, when income rose by 721%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miracle Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Haymakers for Hope Inc ($4.8m), Prevented ($4.8m) and W O Walker Center Inc ($4.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $524k (10% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.3m against liabilities of $382k, net assets of $4.0m. It reported 22 employees.