Miami Childrens Initiative Inc

Analysis

Miami Childrens Initiative Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Miami Childrens Initiative Inc reported income of $341k and spending of $1.7m, spending 486% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.4m to $341k (-76%), an average of -37% a year. The sharpest change came in the year to June 2023, when income dropped by 70%. Over the whole period it spent 132% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Miami Childrens Initiative Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Sigmacamp Inc ($341k), Downtown Boise Foundation ($341k) and Association of Public Data Users ($341k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (6.7% of expenses). Other salaries and wages came to $783k. At year end it held assets of $223k against liabilities of $1.2m, net assets of -$956k. It reported 31 employees.