Miami Boarding School Inc

Analysis

Miami Boarding School Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Miami Boarding School Inc reported income of $15.1m and spending of $14.8m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $10.7m to $15.1m (+41%), an average of +7.1% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami Boarding School Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Vermont Academy ($15.1m), O S Johnson School of Technology ($15.1m) and Discovery Charter School ($15.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $827k (5.6% of expenses). At year end it held assets of $14.2m against liabilities of $8.4m, net assets of $5.9m. It reported 142 employees.