Miami Shores People of Color Inc-

Analysis

Miami Shores People of Color Inc- is a registered charity in United States, based in Miami Shores, FL. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Shores People of Color Inc- reported income of $292k and spending of $321k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $233k to $292k (+25%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miami Shores People of Color Inc- sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Ashas Refuge ($292k), Sunday Love Project ($292k) and Community of Hope International ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $76k (24% of expenses). At year end it held assets of $181k against liabilities of $1,734, net assets of $180k. It reported 1 employees.