United Way Miami Inc

Analysis

United Way Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 1957, 69 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 2024, United Way Miami Inc reported income of $58.7m and spending of $63.2m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $61.6m to $58.7m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way Miami Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Ninth District Opportunity Inc ($58.5m), The Walton Family Charitable Support Foundation Inc ($58.7m) and Community Foundation of the Ozarks Inc ($58.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $1.3m (2.1% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $152.0m against liabilities of $67.6m, net assets of $84.5m. It reported 299 employees.