Mesifta of Greater Miami-Louis Merwitzer High School Inc

Analysis

Mesifta of Greater Miami-Louis Merwitzer High School Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mesifta of Greater Miami-Louis Merwitzer High School Inc reported income of $1.5m and spending of $2.7m, spending 184% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.0m to $1.5m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 130% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mesifta of Greater Miami-Louis Merwitzer High School Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include National Sportsmanship Foundation Inc ($1.5m), Windmill School Inc ($1.5m) and Antenna ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $7,000 (0.3% of expenses). Other salaries and wages came to $792k. At year end it held assets of $637k against liabilities of $3.1m, net assets of -$2.4m. It reported 44 employees.