Miami Homes for All Inc

Analysis

Miami Homes for All Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Miami Homes for All Inc reported income of $838k and spending of $1.9m, spending 225% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $825k to $838k (+1.6%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 174%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miami Homes for All Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Harold Colbert Jones Memorial Community Center ($838k), Synergy Health Center ($838k) and Family Promise of Greater Wichita ($838k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $156k (8.3% of expenses). Other salaries and wages came to $523k. At year end it held assets of $9.8m against liabilities of $66k, net assets of $9.7m. It reported 11 employees.