Milagro Independent Living Inc

Analysis

Milagro Independent Living Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. 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, Milagro Independent Living Inc reported income of $199k and spending of $250k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $199k (+18%), an average of +4.1% a year. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Milagro Independent Living Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Aha Art House Dallas ($199k), American Water Works Association ($199k) and Autism Society of Mahoning Valley ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Other salaries and wages came to $31k. At year end it held assets of $949k against liabilities of $739k, net assets of $210k.

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.