The Rotary Club of Miami Florida Foundation Inc

Analysis

The Rotary Club of Miami Florida Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Rotary Club of Miami Florida Foundation Inc reported income of $62k and spending of $38k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $34k to $62k (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 666%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Rotary Club of Miami Florida Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Aactmad ($62k), Path Inc ($62k) and Friends of the Weston Public Library Incorporated ($62k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.