Keren Hachesed Miami Inc

Analysis

Keren Hachesed Miami Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Keren Hachesed Miami Inc reported income of $1.6m and spending of $2.0m, spending 129% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $1.6m (+42%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Keren Hachesed Miami 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 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Legacy Stone Inc ($1.6m), The Meeting Place Church International ($1.6m) and Women Who Care Ministries ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $318k. At year end it held assets of $1.9m against liabilities of $2.2m, net assets of -$308k. It reported 12 employees.