Miami Dade College Foundation Inc

Analysis

Miami Dade College Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 1966, 60 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 March 2024, Miami Dade College Foundation Inc reported income of $53.8m and spending of $40.5m, leaving 25% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $24.7m to $53.8m (+118%), an average of +17% a year. The sharpest change came in the year to March 2024, when income rose by 51%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami Dade College Foundation Inc 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 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include North Texas Higher Education Authority Inc ($53.8m), John Cabot University ($53.9m) and Springside Chestnut Hill Academy ($53.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 81% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $944k (2.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $270.9m against liabilities of $16.8m, net assets of $254.1m.