Miracle of Agriculture Foundation

Analysis

Miracle of Agriculture Foundation is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2023, Miracle of Agriculture Foundation reported income of $733k and spending of $438k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2020 to October 2023, income fell from $1.4m to $733k (-48%), an average of -19% a year. The sharpest change came in the year to October 2023, when income rose by 296%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Miracle of Agriculture Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within UT. Charities of a similar size with the same main cause include Pearlstone Family Fund Inc ($733k), Journey for Good Foundation Inc ($733k) and Charity Golf Tournament Club ($732k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $391k against liabilities of $256k, net assets of $135k.