First Serve Miami Inc

Analysis

First Serve Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 1977, 49 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 July 2023, First Serve Miami Inc reported income of $329k and spending of $424k, spending 129% of what it took in. Across the 6 years on record, from July 2018 to July 2023, income grew from $297k to $329k (+11%), an average of +2.1% a year. The sharpest change came in the year to July 2022, when income rose by 82%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Serve Miami Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include National TTT Society ($329k), Sharon Community Television Inc ($329k) and McLean High School Band Parents Asso ($329k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 109% and program service revenue 2.3% of the total. Other salaries and wages came to $185k. At year end it held assets of $113k against liabilities of $42k, net assets of $71k. It reported 10 employees.