Parks Foundation of Miami-Dade Inc

Analysis

Parks Foundation of Miami-Dade Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Parks Foundation of Miami-Dade Inc reported income of $492k and spending of $527k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $492k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2020, when income rose by 186%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Parks Foundation of Miami-Dade Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Capistrano Boxing Gym ($492k), Pats Peak Educational Foundation ($493k) and Scholastic Archery Association Corporation ($492k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% of the total. Other salaries and wages came to $82k. At year end it held assets of $1.8m against liabilities of $654k, net assets of $1.2m. It reported 57 employees.