Philanthropymiami Inc

Analysis

Philanthropymiami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Philanthropymiami Inc reported income of $390k and spending of $400k, spending 103% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $191k to $390k (+104%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropymiami Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Cuivre River Electric Community Trust Inc ($390k), Eagles Wings Christian Love in Action ($390k) and General Sports Foundation ($390k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $131k (33% of expenses). At year end it held assets of $169k against liabilities of $9,040, net assets of $160k. It reported 1 employees.