Miami Beach Jewish Community Center Inc

Analysis

Miami Beach Jewish Community Center Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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 2023, Miami Beach Jewish Community Center Inc reported income of $5.9m and spending of $6.3m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $5.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miami Beach Jewish Community Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Community Support Services for the Deaf Inc ($5.9m), Satellite Affordable Housing Associates Property Management ($5.9m) and Enterprise Minnesota Inc ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $374k (6.0% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $17.5m against liabilities of $9.4m, net assets of $8.1m. It reported 151 employees.