Project Heritage of Greater Miami Inc

Analysis

Project Heritage of Greater Miami Inc is a registered charity in United States, based in N Miami Beach, FL. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, Project Heritage of Greater Miami Inc reported income of $139k and spending of $144k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $416k to $139k (-67%), an average of -42% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Heritage of Greater Miami Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include 620 Foundation ($139k), God of Life International Ministry ($139k) and New Dimensions Foundation ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $66k. At year end it held assets of $449k against liabilities of $0, net assets of $449k.