Miracle Mile Senior Citizen Housing Corporation

Analysis

Miracle Mile Senior Citizen Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Miracle Mile Senior Citizen Housing Corporation reported income of $330k and spending of $354k, spending 107% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $294k to $330k (+12%), an average of +2.9% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miracle Mile Senior Citizen Housing Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include LBB Corp ($330k), Lagoon Beach Residents Association Inc ($330k) and Braws-Bringing Resources to Aid Womens Shelters ($330k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $1.3m against liabilities of $2.3m, net assets of -$1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.