Big Brothers and Big Sisters of Greater Miami

Analysis

Big Brothers and Big Sisters of Greater Miami is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 1965, 61 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 2023, Big Brothers and Big Sisters of Greater Miami reported income of $7.2m and spending of $7.3m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $7.2m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Big Brothers and Big Sisters of Greater Miami sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Year One Inc ($7.2m), Sola I Can Foundation ($7.2m) and Alliance for Decision Education Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $360k (4.9% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $34.4m against liabilities of $15.9m, net assets of $18.5m. It reported 76 employees.