Miami Rescue Mission Broward Outreach Centers Inc

Analysis

Miami Rescue Mission Broward Outreach Centers Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Miami Rescue Mission Broward Outreach Centers Inc reported income of $14.2m and spending of $16.0m, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $20.4m to $14.2m (-30%), an average of -7.0% a year. The sharpest change came in the year to June 2024, when income dropped by 29%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miami Rescue Mission Broward Outreach Centers Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include One-Eighty Place ($14.2m), Rocky Mountain Care-Holladay Inc ($14.2m) and Wesley Homes Inc ($14.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $667k (4.2% of expenses). Other salaries and wages came to $3.8m. It paid $78k in professional fundraising fees. At year end it held assets of $28.0m against liabilities of $1.5m, net assets of $26.5m. It reported 138 employees.