South Florida Preventative Care Initiative Inc

Analysis

South Florida Preventative Care Initiative Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Florida Preventative Care Initiative Inc reported income of $5.4m and spending of $9.0m, spending 166% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $5.2m to $5.4m (+4.9%), an average of +1.0% a year. Over the whole period it spent 140% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Florida Preventative Care Initiative Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Youngsville Academy Charter School Inc ($5.4m), Clemson University Continuing Educ and Conference Complex Corporation ($5.4m) and Glen Mills Schools ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. At year end it held assets of $40.4m against liabilities of $55.4m, net assets of -$15.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.