Milagros Foundation

Analysis

Milagros Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in June 1997, 29 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, Milagros Foundation reported income of $623k and spending of $589k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $623k (-68%), an average of -25% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milagros Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Trillium House ($623k), Food Empowerment Project ($623k) and Joshua Chamberlain Society ($622k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $139k (24% of expenses). Other salaries and wages came to $32k. At year end it held assets of $1.5m against liabilities of $570, net assets of $1.5m. It reported 4 employees.