Boys and Girls Clubs of Miami-Dade Foundation Inc

Analysis

Boys and Girls Clubs of Miami-Dade Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Boys and Girls Clubs of Miami-Dade Foundation Inc reported income of $1.7m and spending of $75k, leaving 96% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $411k to $1.7m (+323%), an average of +33% a year. The sharpest change came in the year to May 2022, when income rose by 1045%. Over the whole period it spent 4.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Boys and Girls Clubs of Miami-Dade Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include BPCC Foundation Inc ($1.7m), Art Council Inc ($1.7m) and Birmingham Bar Foundation ($1.7m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 62% of the total. At year end it held assets of $26.3m against liabilities of $54k, net assets of $26.3m.