Mile High Ministries

Analysis

Mile High Ministries is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Mile High Ministries reported income of $3.8m and spending of $2.0m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $3.8m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mile High Ministries sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Our Ladys Inn ($3.8m), Prison Entrepreneurship Program ($3.8m) and Servenow ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $106k (5.3% of expenses). Other salaries and wages came to $715k. At year end it held assets of $14.5m against liabilities of $4.2m, net assets of $10.3m. It reported 27 employees.