Miami Downtown Redevelopment Authority

Analysis

Miami Downtown Redevelopment Authority is a registered charity in United States, based in Miami, OK. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, 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 February 2023, Miami Downtown Redevelopment Authority reported income of $360k and spending of $295k, spending 82% of its income. Across the 4 years on record, from February 2020 to February 2023, income grew from $316k to $360k (+14%), an average of +4.5% a year. The sharpest change came in the year to February 2022, when income rose by 71%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Miami Downtown Redevelopment Authority sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within OK. Charities of a similar size with the same main cause include Hometown Connect Inc ($360k), The Greater Ridgewood Restoration ($360k) and Ncwedd ($360k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 35% and program service revenue 62% of the total. Other salaries and wages came to $88k. At year end it held assets of $235k against liabilities of $7,850, net assets of $227k. It reported 6 employees.