Miami River Fund Inc

Analysis

Miami River Fund Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1999, 27 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 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 June 2023, Miami River Fund Inc reported income of $824k and spending of $828k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $305k to $824k (+170%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 77%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Miami River Fund Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Hugo Dixon Foundation ($824k), JKM Library Trust ($825k) and The Ramey-Estep Homes Foundation Inc ($824k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $109k (13% of expenses). At year end it held assets of $823k against liabilities of $83k, net assets of $741k. It reported 1 employees.