Overview
What is Miracle Place Inc?
Miracle Place Inc, located in Indianapolis, Indiana, serves as a neighborhood ministry and community center. This nonprofit organization, with a team of seven dedicated individuals, focuses on enriching the lives of both children and adults within its community. Through its charitable activities, Miracle Place provides educational support and hospitality programs for children, fostering their growth and development. Additionally, the organization offers adult cultural activities, hospitality, and home upkeep services, contributing to the overall well-being of the community. The nonprofit's mission is to uplift and support its local community, making it a vital resource for its residents.
Official website here: www.amiracleplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Stars
Miracle Place Inc has received a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance, which is essential for donor trust. The organization scored an overall score of 83%, indicating a solid commitment to sound financial practices and transparency in operations.
The organization excels in several key areas, including having a fully independent board with 93% of its members being independent. It also has a robust program expense ratio of 97.75%, showing that the vast majority of its funding is directed toward its programs rather than administrative costs. Additionally, Miracle Place Inc has successfully avoided any material diversion of assets, maintaining a strong financial integrity with no liabilities to assets ratio.
However, there are areas where the organization could improve, particularly in governance policies, where it is noted that a whistleblower policy is missing. While Miracle Place Inc performs well in terms of accountability, addressing this gap could enhance its overall governance framework and further bolster donor confidence. Overall, the organization demonstrates effective stewardship of its resources, while also having room for growth in some operational policies.
This AI summary has been generated from information found on Charity Navigator.
Is Miracle Place Inc legitimate?
Miracle Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miracle Place Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $50,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,454
For more financial information, click here
Official website here: www.amiracleplace.org
What is the mission statement of Miracle Place Inc?
Miracle Place Inc serves as a neighborhood ministry and community center, offering a range of programs. For children, they provide educational support and hospitality. Additionally, they facilitate adult cultural activities, offer hospitality, and assist with home upkeep. The organization's mission, in essence, is to contribute to the community by delivering educational support, cultural enrichment, and essential services to both children and adults, enhancing their overall quality of life.
Official website here: www.amiracleplace.org
Who is the CEO of Miracle Place Inc?
Sister Barbara J Mcclelland is the Director of Miracle Place Inc.
Official website here: www.amiracleplace.org
What is the revenue of Miracle Place Inc?
Miracle Place Inc's revenue in 2023 was $470,352.
Official website here: www.amiracleplace.org
Who are the executives of Miracle Place Inc and what are their salaries?
The average compensation at Miracle Place Inc during 2023 was $17,629. There are 7 employees and 130 volunteers at Miracle Place Inc.
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Official website here: www.amiracleplace.org
Where can I find the form 990 for Miracle Place Inc?
Miracle Place Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.amiracleplace.org
Learn more at the official website: www.amiracleplace.org
Mission Statement of Miracle Place Inc
Miracle Place Inc, as a neighborhood ministry and community center, is committed to serving both children and adults. Their mission is twofold: they offer educational support and hospitality for children, providing a nurturing environment that caters to their needs. Simultaneously, they organize cultural activities and offer hospitality and home upkeep services for adults, fostering a sense of community and enrichment. By doing so, Miracle Place Inc aims to contribute positively to its community by supporting its members and promoting a holistic approach to personal growth and development.
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Impact
July, 2024
Miracle Place Inc has a significant impact on the Indianapolis community by serving as a neighborhood ministry and community center. Through its children's programs focused on education support and hospitality, the organization positively influences the lives of young individuals. Additionally, the adult cultural activities, hospitality, and home upkeep services provided by Miracle Place Inc contribute to the overall well-being and improvement of the community. Its commitment to enhancing the lives of residents and fostering a sense of community makes Miracle Place Inc a valuable asset in Indianapolis.
This information is meant to be a general summary of Miracle Place Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1
- Program Service Revenue: $16,100
- Gross Receipts: $470,352
Assets and Liabilities:
- Total Assets: $2,413,720
- Total Liabilities: $0
- Net Assets: $2,413,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent
Revenue
$16,100
Organization Details
Founding Year
2000
Phone
(317) 423-3064Principal Officer
Sister Barbara J Mcclelland
Main Address
940 North Temple Avenue, Indianapolis, IN, 46201
Website
www.amiracleplace.orgNTEE Category
Code: S20 - Community improvement
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