Miami Hoshuko Inc

Analysis

Miami Hoshuko Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Miami Hoshuko Inc reported income of $285k and spending of $269k, spending 94% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $292k to $285k (-2.2%), an average of -0.5% a year. The sharpest change came in the year to March 2022, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miami Hoshuko Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Qualia Research Institute ($285k), Local Cloth Inc ($285k) and King Sejong Institute Center USA ($285k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 37% and program service revenue 61% of the total. Other salaries and wages came to $139k. At year end it held assets of $198k against liabilities of $0, net assets of $198k. It reported 13 employees.