Downtown Miami Charter School Inc

Analysis

Downtown Miami Charter School Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Downtown Miami Charter School Inc reported income of $6.0m and spending of $6.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $6.0m (+5.0%), an average of +1.2% a year. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Downtown Miami Charter School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Lafayette Preparatory Academy Inc ($6.0m), Eastside Christian School ($6.0m) and Emma S Clark Memorial Library Association ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $7.1m against liabilities of $7.0m, net assets of $183k. It reported 91 employees.