Miami Jewish Health Systems Inc

Analysis

Miami Jewish Health Systems Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1946, 80 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 June 2023, Miami Jewish Health Systems Inc reported income of $83.3m and spending of $95.9m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.5m to $83.3m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miami Jewish Health Systems Inc 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 Talbert House ($83.2m), The People Concern ($83.3m) and Zero to Three - National Center for Infants Toddlers and Families ($82.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4.4m (4.6% of expenses). Other salaries and wages came to $35.8m. At year end it held assets of $92.6m against liabilities of $137.2m, net assets of -$44.6m. It reported 884 employees.

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.