Miracles Happen Recovery Residence Inc

Analysis

Miracles Happen Recovery Residence Inc is a registered charity in United States, based in Toccoa, GA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Miracles Happen Recovery Residence Inc reported income of $416k and spending of $421k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $327k to $416k (+27%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miracles Happen Recovery Residence Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Wind Terrace Inc ($416k), Harveys Fellowship Home Inc ($416k) and Volunteers of America Inc ($416k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $89k (21% of expenses). Other salaries and wages came to $47k. At year end it held assets of $209k against liabilities of $64k, net assets of $144k. It reported 5 employees.