Greater Miami Service Corps

Analysis

Greater Miami Service Corps is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 September 2023, Greater Miami Service Corps reported income of $2.8m and spending of $3.7m, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $2.8m (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2020, when income rose by 86%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Miami Service Corps sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Pierce County Community Development Corporation ($2.8m), Civ Lab Incorporated ($2.8m) and New American Association of Massachusetts Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $242k (6.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.4m against liabilities of $2.5m, net assets of -$31k. It reported 9 employees.