Miami Workers Center Inc

Analysis

Miami Workers Center 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 employment, which this site groups under community and economic 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 December 2023, Miami Workers Center Inc reported income of $2.3m and spending of $1.8m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $515k to $2.3m (+351%), an average of +46% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Miami Workers Center 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 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Neighborhood Housing Services of Queens CDC Inc ($2.3m), Salvare Inc ($2.3m) and F O R Sto-Rox Neighborhood Corp ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $147k (8.4% of expenses). Other salaries and wages came to $874k. At year end it held assets of $6.5m against liabilities of $71k, net assets of $6.4m. It reported 27 employees.