Touching Miami with Love Ministries Inc

Analysis

Touching Miami with Love Ministries Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 July 2023, Touching Miami with Love Ministries Inc reported income of $2.6m and spending of $2.3m, spending 91% of its income. Across the 6 years on record, from June 2019 to July 2023, income grew from $1.7m to $2.6m (+47%), an average of +8.1% a year. The sharpest change came in the year to July 2022, when income rose by 1469%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Touching Miami with Love Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of Dane County Foundation Inc ($2.6m), Mercy Street Inc ($2.6m) and Readers 2 Leaders ($2.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 93% and program service revenue 0.5% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $4.8m against liabilities of $1.3m, net assets of $3.5m. It reported 73 employees.