Miami Light Project Inc

Analysis

Miami Light Project Inc is a registered charity in United States, based in Miami Shores, FL. It received its IRS tax-exemption ruling in August 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 August 2023, Miami Light Project Inc reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $576k to $1.2m (+111%), an average of +20% a year. The sharpest change came in the year to August 2023, when income rose by 50%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miami Light Project Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include The Habonim Camp Association Company Incorporated ($1.2m), The Life Center of Davidson County Inc ($1.2m) and Sleep Research Society ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $187k (16% of expenses). At year end it held assets of $708k against liabilities of $224k, net assets of $485k. It reported 4 employees.