Community Fund of North Miami Dade Inc

Analysis

Community Fund of North Miami Dade Inc is a registered charity in United States, based in Opa Locka, FL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community Fund of North Miami Dade Inc reported income of $1.0m and spending of $642k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $310k to $1.0m (+230%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Fund of North Miami Dade Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Lincoln Villas North Inc ($1.0m), Christian Task Force Inc ($1.0m) and Pocahontas Housing Authority Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $303k. At year end it held assets of $8.6m against liabilities of $3.3m, net assets of $5.4m. It reported 6 employees.