Foundation of Community Assistance and Leadership Inc

Analysis

Foundation of Community Assistance and Leadership Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Foundation of Community Assistance and Leadership Inc reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $589k to $1.3m (+113%), an average of +29% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation of Community Assistance and Leadership Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Touchette Elderly Apartments I Inc ($1.3m), Kids Forward Inc ($1.3m) and Pregnancy Center Plus ($1.3m).

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 $108k (9.3% of expenses). Other salaries and wages came to $583k. At year end it held assets of $130k against liabilities of $118k, net assets of $12k. It reported 32 employees.