Miracles for Kids Inc

Analysis

Miracles for Kids Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Miracles for Kids Inc reported income of $5.3m and spending of $4.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.3m (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Miracles for Kids Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Northwest Washington Fair Association ($5.3m), Orlando After-School All-Stars Inc ($5.3m) and Oakland Childrens Fairyland Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 123% of the total. Compensation of current officers, directors and key employees was $288k (5.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $13.2m against liabilities of $7.4m, net assets of $5.9m. It reported 26 employees.