Miami Community Charter School Inc

Analysis

Miami Community Charter School Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Miami Community Charter School Inc reported income of $12.8m and spending of $12.8m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $12.8m (+111%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami Community Charter School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Philips Academy Charter School of Paterson Inc ($12.8m), American Educational Research Association ($12.8m) and Sunshine Cottage School for Deaf Children ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $135k (1.1% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $10.8m against liabilities of $7.6m, net assets of $3.3m. It reported 141 employees.