Miguel Cabrera Foundation Inc

Analysis

Miguel Cabrera Foundation Inc is a registered charity in United States, based in N Miami Beach, FL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Miguel Cabrera Foundation Inc reported income of $168k and spending of $78k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $297k to $168k (-43%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 4417%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Miguel Cabrera Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Ankeny Basketball Club Inc ($168k), Lakelands Toros Soccer Club Inc ($168k) and Pearland Touchdown Club ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.