Hollywood Educational and Literacy Project Miami Inc

Analysis

Hollywood Educational and Literacy Project Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Hollywood Educational and Literacy Project Miami Inc reported income of $551k and spending of $519k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $763k to $551k (-28%), an average of -7.8% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hollywood Educational and Literacy Project Miami Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Pagosa Valor Academy ($551k), Savannah Vo-Tech FDN Inc ($551k) and Missoula Public Library Foundation Inc ($551k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (23% of expenses). Other salaries and wages came to $172k. At year end it held assets of $373k against liabilities of $129k, net assets of $244k.