Greater Miami Jewish Federation

Analysis

Greater Miami Jewish Federation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1953, 73 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Greater Miami Jewish Federation reported income of $95.7m and spending of $98.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $81.6m to $95.7m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income dropped by 57%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Greater Miami Jewish Federation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include The United Methodist Retirement Homes Inc ($95.0m), Robert R McCormick Foundation ($97.6m) and Arkansas Community Foundation Inc ($94.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $2.8m (2.9% of expenses). Other salaries and wages came to $5.8m. It paid $55k in professional fundraising fees. At year end it held assets of $477.5m against liabilities of $93.4m, net assets of $384.1m. It reported 110 employees.