Miami Sci Wellness Inc

Analysis

Miami Sci Wellness Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2013, 13 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Miami Sci Wellness Inc reported income of $361k and spending of $500k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $361k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Miami Sci Wellness Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Columbus County Dream CNTR Inc ($361k), New Directions Alcohol & Drug Services Inc ($361k) and Laurel Pregnancy Center Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $191k. At year end it held assets of $710k against liabilities of $504k, net assets of $207k. It reported 6 employees.