First Tee of Miami-Dade Foundation Inc

Analysis

First Tee of Miami-Dade Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, First Tee of Miami-Dade Foundation Inc reported income of $346k and spending of $741k, spending 214% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $751k to $346k (-54%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, First Tee of Miami-Dade Foundation Inc sits at the 71st percentile: it is larger than about 70% 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 Boys & Girls Clubs of Southern Maryland ($346k), Cinco Ranch High School Athletic Booster Club ($346k) and Duckhorn Outdoors Adventures ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $140k against liabilities of $5,559, net assets of $135k.