The Miracle League Of The Triangle Inc
Miracle League of the Triangle shows strong asset growth and zero reported officer compensation, but liabilities have increased.
EIN: 202696836 · Cary, NC · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $969K |
| Total Expenses | $793K |
| Program Spending | 85% |
| Net Assets | $4.4M |
| Transparency Score | 90/100 |
Is The Miracle League Of The Triangle Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Miracle League Of The Triangle Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Miracle League Of The Triangle Inc
The Miracle League Of The Triangle Inc (EIN: 202696836) is a nonprofit organization based in Cary, NC, classified under NTEE code P20. The organization reported total revenue of $969K and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Miracle League Of The Triangle Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Miracle League Of The Triangle Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $964K |
| Total Expenses | $793K |
| Surplus / Deficit | +$171K |
| Total Assets | $6.1M |
| Total Liabilities | $1.7M |
| Net Assets | $4.4M |
| Operating Margin | 17.7% |
| Debt-to-Asset Ratio | 27.3% |
| Months of Reserves | 91.9 months |
Financial Health Grade: A
In 2023, The Miracle League Of The Triangle Inc reported a surplus of $171K with revenue exceeding expenses, holds 91.9 months of operating reserves (strong position), has a debt-to-asset ratio of 27.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Miracle League Of The Triangle Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.9% | +53.5% | +9.5% |
| 2022 | +142.5% | +19.5% | +34.0% |
| 2021 | -49.2% | +7.9% | +33.3% |
| 2020 | +67.7% | -5.3% | +21.4% |
| 2019 | +45.6% | +6.1% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Miracle League Of The Triangle Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Miracle League Of The Triangle Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $171K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly favorable for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Miracle League Of The Triangle Inc's IRS 990 filings:
- Significant increase in liabilities from $33,275 in 2020 to $1,656,045 in 2023, warranting further scrutiny.
Strengths
The following positive indicators were identified for The Miracle League Of The Triangle Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to programs.
- Strong and consistent asset growth, from $1,843,998 in 2014 to $6,110,980 in 2023.
- Positive net income in most years (Revenue > Expenses), demonstrating financial sustainability.
- Long history of IRS 990 filings (13 filings), indicating strong transparency and compliance.
Frequently Asked Questions about The Miracle League Of The Triangle Inc
Is The Miracle League Of The Triangle Inc a legitimate charity?
The Miracle League Of The Triangle Inc (EIN: 202696836) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $969K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does The Miracle League Of The Triangle Inc spend its money?
The Miracle League Of The Triangle Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Miracle League Of The Triangle Inc tax-deductible?
The Miracle League Of The Triangle Inc is registered as a tax-exempt nonprofit (EIN: 202696836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Miracle League Of The Triangle Inc's spending goes to programs?
The Miracle League Of The Triangle Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Miracle League Of The Triangle Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Miracle League Of The Triangle Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Miracle League Of The Triangle Inc located?
The Miracle League Of The Triangle Inc is headquartered in Cary, North Carolina and files with the IRS under EIN 202696836. It is classified under NTEE code P20.
How many years of IRS 990 filings does The Miracle League Of The Triangle Inc have?
The Miracle League Of The Triangle Inc has 13 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 $969K in total revenue.
Is The Miracle League Of The Triangle Inc a good charity?
Based on the available financial data, The Miracle League Of The Triangle Inc appears to be a good charity. They demonstrate strong asset growth, consistent revenue generation, and notably report 0% officer compensation, suggesting a high dedication of resources to their mission.
Why are liabilities increasing?
The organization's liabilities have increased significantly in recent years, from $33,275 in 2020 to $1,656,045 in 2023. While assets still comfortably cover these, further investigation into the nature of these liabilities (e.g., program-related debt, capital project financing) would provide a clearer picture.
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990 form. This is a positive indicator for program efficiency.
Filing History
IRS 990 filing history for The Miracle League Of The Triangle Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Miracle League Of The Triangle Inc's revenue has grown by 573.5%, moving from $143K to $964K. Total assets increased by 647.6% over the same period, from $813K to $6.1M. Total functional expenses rose by 403.6%, from $158K to $793K. In its most recent filing year (2023), The Miracle League Of The Triangle Inc reported a surplus of $171K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $6.1M in assets (debt-to-asset ratio: 27.3%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $964K | $793K | $6.1M | $1.7M | — | — |
| 2022 | $1.5M | $517K | $5.5M | $1.3M | — | — |
| 2021 | $620K | $433K | $4.1M | $880K | — | View 990 |
| 2020 | $1.2M | $401K | $3.1M | $33K | — | — |
| 2019 | $727K | $423K | $2.6M | $304K | — | View 990 |
| 2018 | $500K | $399K | $2.2M | $290K | — | View 990 |
| 2017 | $564K | $361K | $1.9M | $14K | — | View 990 |
| 2016 | $424K | $348K | $1.8M | $109K | — | View 990 |
| 2015 | $415K | $326K | $1.8M | $236K | — | View 990 |
| 2014 | $572K | $290K | $1.8M | $361K | — | View 990 |
| 2013 | $509K | $199K | $1.4M | $149K | — | View 990 |
| 2012 | $227K | $149K | $891K | $0 | — | View 990 |
| 2011 | $143K | $158K | $813K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $964K, expenses of $793K, and assets of $6.1M (revenue -35.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $517K, and assets of $5.5M (revenue +142.5% year-over-year).
- 2021: Revenue of $620K, expenses of $433K, and assets of $4.1M (revenue -49.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $401K, and assets of $3.1M (revenue +67.7% year-over-year).
- 2019: Revenue of $727K, expenses of $423K, and assets of $2.6M (revenue +45.6% year-over-year).
- 2018: Revenue of $500K, expenses of $399K, and assets of $2.2M (revenue -11.4% year-over-year).
- 2017: Revenue of $564K, expenses of $361K, and assets of $1.9M (revenue +33.0% year-over-year).
- 2016: Revenue of $424K, expenses of $348K, and assets of $1.8M (revenue +2.3% year-over-year).
- 2015: Revenue of $415K, expenses of $326K, and assets of $1.8M (revenue -27.4% year-over-year).
- 2014: Revenue of $572K, expenses of $290K, and assets of $1.8M (revenue +12.2% year-over-year).
- 2013: Revenue of $509K, expenses of $199K, and assets of $1.4M (revenue +124.8% year-over-year).
- 2012: Revenue of $227K, expenses of $149K, and assets of $891K (revenue +58.2% year-over-year).
- 2011: Revenue of $143K, expenses of $158K, and assets of $813K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Miracle League Of The Triangle Inc:
Data Sources and Methodology
This transparency report for The Miracle League Of The Triangle 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.