Belafonte Tacolcy Center

Analysis

Belafonte Tacolcy Center is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 1975, 51 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Belafonte Tacolcy Center reported income of $1.4m and spending of $1.4m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $629k to $1.4m (+118%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Belafonte Tacolcy Center sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Sandy Cay Inc ($1.4m), Blue Haven Youth Camp Inc ($1.4m) and Boy Scouts of America ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Other salaries and wages came to $703k. At year end it held assets of $420k against liabilities of $214k, net assets of $206k. It reported 33 employees.