Miracle Flights

Analysis

Miracle Flights is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 April 2023, Miracle Flights reported income of $3.6m and spending of $5.8m, spending 162% of what it took in. The sharpest change came in the year to April 2022, when income dropped by 72%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miracle Flights sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NV. Charities of a similar size with the same main cause include Opportunity School Inc ($3.6m), Brookdale Family Care Centers Inc ($3.6m) and Armenian Evangelical Schools of California Inc ($3.6m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $569k (9.8% of expenses). Other salaries and wages came to $402k. At year end it held assets of $46.4m against liabilities of $6.2m, net assets of $40.2m. It reported 11 employees.