North Miami Foundation for Senior Citizens Services Inc

Analysis

North Miami Foundation for Senior Citizens Services Inc is a registered charity in United States, based in North Miami, FL. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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 September 2023, North Miami Foundation for Senior Citizens Services Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $749k to $1.2m (+56%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Miami Foundation for Senior Citizens Services Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include School Community Health Alliance of Michigan ($1.2m), Action Institute NC ($1.2m) and Hospice Foundation of Central New York ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $286k. At year end it held assets of $699k against liabilities of $562k, net assets of $136k. It reported 6 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.