Miami Diaper Bank Inc

Analysis

Miami Diaper Bank Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Diaper Bank Inc reported income of $1.0m and spending of $1.2m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $1.0m (+141%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 243%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miami Diaper Bank Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Harwich Ecumenical Council for the Homeless ($1.0m), FHF Inc ($1.0m) and Wee Love Learning ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (5.0% of expenses). Other salaries and wages came to $92k. At year end it held assets of $397k against liabilities of $17k, net assets of $379k. It reported 7 employees.