Milas Miracle Foundation Inc
EIN: 814713372 · Longmont, CO · NTEE: H80
| Metric | Value |
|---|---|
| Total Revenue | $707K |
| Total Expenses | $392K |
| Net Assets | $270K |
Is Milas Miracle Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Milas Miracle Foundation Inc
Milas Miracle Foundation Inc (EIN: 814713372) is a nonprofit organization based in Longmont, CO, classified under NTEE code H80. The organization reported total revenue of $707K and total assets of $484K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milas Miracle Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milas Miracle Foundation Inc is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -51.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21K |
| Total Expenses | $392K |
| Surplus / Deficit | $-370,621 |
| Total Assets | $270K |
| Net Assets | $270K |
| Operating Margin | -1724.9% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2023, Milas Miracle Foundation Inc reported a deficit of $371K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Milas Miracle Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -51.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.7% | -40.7% | -57.8% |
| 2022 | +146.2% | +31.1% | -1.8% |
| 2021 | +36.0% | -36.3% | -26.9% |
| 2020 | -84.6% | +10.5% | -40.1% |
| 2019 | +2.4% | +51.5% | +57.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1800 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Milas Miracle Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Milas Miracle Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $371K, with expenses exceeding revenue.
Frequently Asked Questions about Milas Miracle Foundation Inc
Is Milas Miracle Foundation Inc a legitimate charity?
Milas Miracle Foundation Inc (EIN: 814713372) is a registered tax-exempt nonprofit based in Colorado. It has 7 years of IRS 990 filings on record. Total revenue: $707K. No red flags identified. Financial health grade: B.
How does Milas Miracle Foundation Inc spend its money?
Milas Miracle Foundation Inc reported $707K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Milas Miracle Foundation Inc tax-deductible?
Milas Miracle Foundation Inc is registered as a tax-exempt nonprofit (EIN: 814713372). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Milas Miracle Foundation Inc located?
Milas Miracle Foundation Inc is headquartered in Longmont, Colorado and files with the IRS under EIN 814713372. It is classified under NTEE code H80.
How many years of IRS 990 filings does Milas Miracle Foundation Inc have?
Milas Miracle Foundation Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $707K in total revenue.
Filing History
IRS 990 filing history for Milas Miracle Foundation Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Milas Miracle Foundation Inc's revenue has declined by 98.6%, moving from $1.5M to $21K. Total assets decreased by 15.1% over the same period, from $318K to $270K. Total functional expenses fell by 71.1%, from $1.4M to $392K. In its most recent filing year (2023), Milas Miracle Foundation Inc reported a deficit of $371K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21K | $392K | $270K | $0 | — | — |
| 2022 | $650K | $661K | $641K | $0 | — | View 990 |
| 2021 | $264K | $505K | $653K | $0 | — | View 990 |
| 2020 | $194K | $792K | $893K | $0 | — | View 990 |
| 2019 | $1.3M | $717K | $1.5M | $0 | — | View 990 |
| 2018 | $1.2M | $473K | $949K | $0 | — | View 990 |
| 2017 | $1.5M | $1.4M | $318K | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21K, expenses of $392K, and assets of $270K (revenue -96.7% year-over-year).
- 2022: Revenue of $650K, expenses of $661K, and assets of $641K (revenue +146.2% year-over-year).
- 2021: Revenue of $264K, expenses of $505K, and assets of $653K (revenue +36.0% year-over-year).
- 2020: Revenue of $194K, expenses of $792K, and assets of $893K (revenue -84.6% year-over-year).
- 2019: Revenue of $1.3M, expenses of $717K, and assets of $1.5M (revenue +2.4% year-over-year).
- 2018: Revenue of $1.2M, expenses of $473K, and assets of $949K (revenue -20.6% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $318K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milas Miracle Foundation Inc:
Data Sources and Methodology
This transparency report for Milas Miracle Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.