Richmond-Perrine Optimist Club Inc of Miami Florida

Analysis

Richmond-Perrine Optimist Club Inc of Miami Florida is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 1986, 40 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 2024, Richmond-Perrine Optimist Club Inc of Miami Florida reported income of $829k and spending of $823k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $829k (-35%), an average of -10% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Richmond-Perrine Optimist Club Inc of Miami Florida sits at the 83rd percentile: it is larger than about 83% 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 Envisionleadgrow Inc ($829k), Youth Empowerment Shelter ($830k) and Oyc Property Holdings Inc ($828k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $488k. At year end it held assets of $692k against liabilities of $50k, net assets of $642k. It reported 89 employees.