Mater Filius Miami Inc

Analysis

Mater Filius Miami Inc is a registered charity in United States, based in Weston, FL. It received its IRS tax-exemption ruling in September 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 2022, Mater Filius Miami Inc reported income of $200k and spending of $322k, spending 161% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $734k to $200k (-73%), an average of -48% a year. The sharpest change came in the year to December 2021, when income dropped by 79%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mater Filius Miami Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 57th percentile within FL. Charities of a similar size with the same main cause include Slaton Senior Citizens Center Association ($200k), Cobbs Creek Community Environmental Education Center Inc ($200k) and Asi Marshall Inc ($200k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $78k. At year end it held assets of $975k against liabilities of $573k, net assets of $401k.