Miami Edtech Inc

Analysis

Miami Edtech Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Edtech Inc reported income of $657k and spending of $772k, spending 117% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $336k to $657k (+96%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami Edtech Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include North Missouri Center for Youth & Families Inc ($657k), South Central Power Company Foundation ($657k) and College of Governor French ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $138k (18% of expenses). Other salaries and wages came to $115k. At year end it held assets of $155k against liabilities of $15k, net assets of $140k. It reported 4 employees.