Miami Bayside Foundation Inc

Analysis

Miami Bayside Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Miami Bayside Foundation Inc reported income of $2.3m and spending of $1.6m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.3m (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami Bayside Foundation Inc 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 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($2.3m), Longwood Medical Energy Collaborative Inc ($2.3m) and Utah Career Path High ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $190k (12% of expenses). Other salaries and wages came to $458k. At year end it held assets of $11.5m against liabilities of $4.8m, net assets of $6.7m. It reported 9 employees.