Friendship Circle of Greater Miami Inc

Analysis

Friendship Circle of Greater Miami Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Friendship Circle of Greater Miami Inc reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $695k to $1.7m (+149%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Friendship Circle of Greater Miami Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Lets Go Boys & Girls ($1.7m), Reign Ministries ($1.7m) and Say Si ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $246k (14% of expenses). Other salaries and wages came to $395k. At year end it held assets of $247k against liabilities of $280k, net assets of -$33k. It reported 6 employees.