Miles for Military Incorporated

Analysis

Miles for Military Incorporated is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2022, 4 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 December 2023, Miles for Military Incorporated reported income of $189k and spending of $143k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $189k (+69%), an average of +69% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Miles for Military Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Charlotte Frontier Days Inc ($189k), Above and Beyond Foundation ($189k) and Bruce J Walker Foundation Inc ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $84k against liabilities of $9,500, net assets of $75k.