Unidad of Miami Beach Inc

Analysis

Unidad of Miami Beach Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Unidad of Miami Beach Inc reported income of $527k and spending of $489k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $736k to $527k (-28%), an average of -8.0% a year. The sharpest change came in the year to September 2020, when income dropped by 42%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unidad of Miami Beach Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Lake City Center Inc ($527k), Michael E Thornton Foundation ($527k) and Run 2 Rescue ($527k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $123k. At year end it held assets of $746k against liabilities of $67k, net assets of $679k. It reported 4 employees.