Miami Breakers FC Foundation Inc

Analysis

Miami Breakers FC Foundation Inc is a registered charity in United States, based in West Miami, FL. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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 Breakers FC Foundation Inc reported income of $56k and spending of $17k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $527k to $56k (-89%), an average of -53% a year. The sharpest change came in the year to December 2022, when income rose by 187%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Miami Breakers FC Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Abundant Ministries Inc ($56k), Parole Illinois Inc ($56k) and Spero House Incorporated ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $16k, net assets of $45k.