Miami River Fund Inc
EIN: 650867648 · Miami, FL · NTEE: T113
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $828K |
| Net Assets | $741K |
Is Miami River Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Miami River Fund Inc
Miami River Fund Inc (EIN: 650867648) is a nonprofit organization based in Miami, FL, classified under NTEE code T113. The organization reported total revenue of $1.4M and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miami River Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miami River Fund Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $824K |
| Total Expenses | $828K |
| Surplus / Deficit | $-3,959 |
| Total Assets | $823K |
| Total Liabilities | $83K |
| Net Assets | $741K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 10.1% |
| Months of Reserves | 11.9 months |
Financial Health Grade: B
In 2023, Miami River Fund Inc reported a deficit of $4K with expenses exceeding revenue, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 10.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Miami River Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.1% | +61.6% | +3.6% |
| 2022 | -5.4% | +16.1% | -5.1% |
| 2021 | +18.3% | -7.1% | +18.9% |
| 2020 | +36.3% | +39.6% | -5.3% |
| 2019 | +16.6% | +20.5% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Miami River Fund Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Miami River Fund Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.1%.
Frequently Asked Questions about Miami River Fund Inc
Is Miami River Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Miami River Fund Inc (EIN: 650867648) insufficient data. 0 red flags identified, 0 strengths noted.
How does Miami River Fund Inc spend its money?
Detailed spending breakdown data is not yet available for Miami River Fund Inc. Check back for updated IRS 990 analysis.
Are donations to Miami River Fund Inc tax-deductible?
Miami River Fund Inc is registered as a tax-exempt nonprofit (EIN: 650867648). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Miami River Fund Inc located?
Miami River Fund Inc is headquartered in Miami, Florida and files with the IRS under EIN 650867648. It is classified under NTEE code T113.
How many years of IRS 990 filings does Miami River Fund Inc have?
Miami River Fund Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Miami River Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Miami River Fund Inc's revenue has grown by 135.5%, moving from $350K to $824K. Total assets increased by 11.1% over the same period, from $741K to $823K. Total functional expenses rose by 203.7%, from $273K to $828K. In its most recent filing year (2023), Miami River Fund Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $83K in liabilities against $823K in assets (debt-to-asset ratio: 10.1%), resulting in net assets of $741K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $824K | $828K | $823K | $83K | — | — |
| 2022 | $466K | $513K | $795K | $50K | — | View 990 |
| 2021 | $492K | $442K | $838K | $46K | — | — |
| 2020 | $416K | $476K | $705K | $20K | — | View 990 |
| 2019 | $305K | $341K | $744K | $0 | — | View 990 |
| 2018 | $262K | $283K | $779K | $0 | — | View 990 |
| 2017 | $412K | $435K | $800K | $0 | — | View 990 |
| 2016 | $403K | $365K | $823K | $0 | — | View 990 |
| 2015 | $271K | $328K | $784K | $0 | — | View 990 |
| 2014 | $202K | $225K | $841K | $0 | — | View 990 |
| 2013 | $250K | $216K | $871K | $0 | — | View 990 |
| 2012 | $311K | $213K | $838K | $0 | — | View 990 |
| 2011 | $350K | $273K | $741K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $824K, expenses of $828K, and assets of $823K (revenue +77.1% year-over-year).
- 2022: Revenue of $466K, expenses of $513K, and assets of $795K (revenue -5.4% year-over-year).
- 2021: Revenue of $492K, expenses of $442K, and assets of $838K (revenue +18.3% year-over-year).
- 2020: Revenue of $416K, expenses of $476K, and assets of $705K (revenue +36.3% year-over-year).
- 2019: Revenue of $305K, expenses of $341K, and assets of $744K (revenue +16.6% year-over-year).
- 2018: Revenue of $262K, expenses of $283K, and assets of $779K (revenue -36.4% year-over-year).
- 2017: Revenue of $412K, expenses of $435K, and assets of $800K (revenue +2.2% year-over-year).
- 2016: Revenue of $403K, expenses of $365K, and assets of $823K (revenue +48.9% year-over-year).
- 2015: Revenue of $271K, expenses of $328K, and assets of $784K (revenue +34.2% year-over-year).
- 2014: Revenue of $202K, expenses of $225K, and assets of $841K (revenue -19.3% year-over-year).
- 2013: Revenue of $250K, expenses of $216K, and assets of $871K (revenue -19.5% year-over-year).
- 2012: Revenue of $311K, expenses of $213K, and assets of $838K (revenue -11.3% year-over-year).
- 2011: Revenue of $350K, expenses of $273K, and assets of $741K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miami River Fund Inc:
Data Sources and Methodology
This transparency report for Miami River Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.