Endeavor Miami Inc

Analysis

Endeavor Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Endeavor Miami Inc reported income of $1.6m and spending of $2.1m, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Endeavor Miami Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Foundation for the Mid South Inc ($1.6m), Martin Luther King Economic Development Corporation ($1.6m) and Lake Street Council ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $287k (14% of expenses). Other salaries and wages came to $916k. At year end it held assets of $1.9m against liabilities of $283k, net assets of $1.6m. It reported 13 employees.