Childrens Miracle Network

Analysis

Childrens Miracle Network is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Childrens Miracle Network reported income of $54.2m and spending of $49.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $49.5m to $54.2m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Miracle Network sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Feeding America West Michigan ($54.2m), President & Scholars of the College of Saint Mary Magdalen in the Univ ($54.2m) and Alliance Healthcare Services Inc ($54.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $4.9m (9.9% of expenses). Other salaries and wages came to $15.0m. At year end it held assets of $144.9m against liabilities of $85.4m, net assets of $59.6m. It reported 200 employees.