Miami Lakes Town Foundation Inc

Analysis

Miami Lakes Town Foundation Inc is a registered charity in United States, based in Miami Lakes, FL. It received its IRS tax-exemption ruling in February 2006, 20 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 September 2023, Miami Lakes Town Foundation Inc reported income of $126k and spending of $148k, spending 117% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $97k to $126k (+30%), an average of +30% a year. The sharpest change came in the year to September 2023, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miami Lakes Town Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include South Carolina Education Foundation ($126k), Mechanicsburg Music Alliance ($126k) and Adult Lutherans Organized for Action Inc ($126k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $836, net assets of $42k.