The Miami Herald Charities Inc

Analysis

The Miami Herald Charities Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1953, 73 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 September 2023, The Miami Herald Charities Inc reported income of $511k and spending of $603k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $471k to $511k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Miami Herald Charities Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include New Horizons Adoption Agency Inc ($511k), Pinnacle Partnerships Corporation ($512k) and Crater Lake Natural History Association Incorporated ($511k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $20k, net assets of $2.1m.