Center for Aging and Rehabilitation of Miami Gardens Inc

Analysis

Center for Aging and Rehabilitation of Miami Gardens Inc is a registered charity in United States, based in Oakland Park, FL. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Center for Aging and Rehabilitation of Miami Gardens Inc reported income of $9.8m and spending of $10.6m, spending 107% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $1.2m to $9.8m (+716%), an average of +186% a year. The sharpest change came in the year to December 2021, when income rose by 812%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Center for Aging and Rehabilitation of Miami Gardens Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Helphopelive Inc ($9.8m), Spectra Health ($9.8m) and Francis E Parker Memorial Home ($9.8m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $3.1m, net assets of -$1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.