The Miami Foundation Inc
EIN: 650350357 · Miami, FL · NTEE: T30Z
| Metric | Value |
|---|---|
| Total Revenue | $344.6M |
| Total Expenses | $79.0M |
| Net Assets | $489.4M |
Is The Miami Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Miami Foundation Inc
The Miami Foundation Inc (EIN: 650350357) is a nonprofit organization based in Miami, FL, classified under NTEE code T30Z. The organization reported total revenue of $344.6M and total assets of $565.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Miami Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Miami Foundation Inc is a major nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 21.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133.5M |
| Total Expenses | $79.0M |
| Surplus / Deficit | +$54.5M |
| Total Assets | $525.0M |
| Total Liabilities | $35.6M |
| Net Assets | $489.4M |
| Operating Margin | 40.8% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 79.7 months |
Financial Health Grade: A
In 2023, The Miami Foundation Inc reported a surplus of $54.5M with revenue exceeding expenses, holds 79.7 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Miami Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.1% | -2.6% | +19.9% |
| 2022 | -22.6% | +15.4% | -5.0% |
| 2021 | +99.8% | -15.4% | +22.7% |
| 2020 | +3.6% | +22.1% | +4.6% |
| 2019 | -11.5% | +0.7% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Miami Foundation 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 The Miami Foundation 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 surplus of $54.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.8%.
Frequently Asked Questions about The Miami Foundation Inc
Is The Miami Foundation Inc a legitimate charity?
The Miami Foundation Inc (EIN: 650350357) is a registered tax-exempt nonprofit based in Florida. It has 14 years of IRS 990 filings on record. Total revenue: $344.6M. No red flags identified. Financial health grade: A.
How does The Miami Foundation Inc spend its money?
The Miami Foundation Inc reported $344.6M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Miami Foundation Inc tax-deductible?
The Miami Foundation Inc is registered as a tax-exempt nonprofit (EIN: 650350357). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Miami Foundation Inc located?
The Miami Foundation Inc is headquartered in Miami, Florida and files with the IRS under EIN 650350357. It is classified under NTEE code T30Z.
How many years of IRS 990 filings does The Miami Foundation Inc have?
The Miami Foundation Inc has 14 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 $344.6M in total revenue.
Filing History
IRS 990 filing history for The Miami Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Miami Foundation Inc's revenue has grown by 1173.6%, moving from $10.5M to $133.5M. Total assets increased by 297.6% over the same period, from $132.0M to $525.0M. Total functional expenses rose by 342.4%, from $17.9M to $79.0M. In its most recent filing year (2023), The Miami Foundation Inc reported a surplus of $54.5M, with revenue exceeding expenses. The organization holds $35.6M in liabilities against $525.0M in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $489.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133.5M | $79.0M | $525.0M | $35.6M | — | — |
| 2022 | $114.0M | $81.1M | $438.0M | $39.5M | — | — |
| 2021 | $147.3M | $70.3M | $460.9M | $37.2M | — | View 990 |
| 2020 | $73.7M | $83.1M | $375.6M | $36.4M | — | — |
| 2019 | $71.2M | $68.0M | $358.9M | $34.0M | — | View 990 |
| 2018 | $80.5M | $67.6M | $323.9M | $32.8M | — | View 990 |
| 2017 | $122.7M | $61.2M | $354.9M | $52.6M | — | View 990 |
| 2016 | $57.5M | $43.1M | $276.3M | $54.2M | — | View 990 |
| 2015 | $71.7M | $49.3M | $271.7M | $76.1M | — | View 990 |
| 2014 | $65.4M | $50.9M | $207.1M | $29.1M | — | View 990 |
| 2013 | $50.4M | $24.7M | $187.4M | $23.9M | — | View 990 |
| 2012 | $27.9M | $23.4M | $149.9M | $19.6M | — | View 990 |
| 2011 | $31.6M | $21.7M | $137.8M | $16.7M | — | View 990 |
| 2010 | $10.5M | $17.9M | $132.0M | $17.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133.5M, expenses of $79.0M, and assets of $525.0M (revenue +17.1% year-over-year).
- 2022: Revenue of $114.0M, expenses of $81.1M, and assets of $438.0M (revenue -22.6% year-over-year).
- 2021: Revenue of $147.3M, expenses of $70.3M, and assets of $460.9M (revenue +99.8% year-over-year).
- 2020: Revenue of $73.7M, expenses of $83.1M, and assets of $375.6M (revenue +3.6% year-over-year).
- 2019: Revenue of $71.2M, expenses of $68.0M, and assets of $358.9M (revenue -11.5% year-over-year).
- 2018: Revenue of $80.5M, expenses of $67.6M, and assets of $323.9M (revenue -34.4% year-over-year).
- 2017: Revenue of $122.7M, expenses of $61.2M, and assets of $354.9M (revenue +113.5% year-over-year).
- 2016: Revenue of $57.5M, expenses of $43.1M, and assets of $276.3M (revenue -19.8% year-over-year).
- 2015: Revenue of $71.7M, expenses of $49.3M, and assets of $271.7M (revenue +9.7% year-over-year).
- 2014: Revenue of $65.4M, expenses of $50.9M, and assets of $207.1M (revenue +29.7% year-over-year).
- 2013: Revenue of $50.4M, expenses of $24.7M, and assets of $187.4M (revenue +80.6% year-over-year).
- 2012: Revenue of $27.9M, expenses of $23.4M, and assets of $149.9M (revenue -11.8% year-over-year).
- 2011: Revenue of $31.6M, expenses of $21.7M, and assets of $137.8M (revenue +201.7% year-over-year).
- 2010: Revenue of $10.5M, expenses of $17.9M, and assets of $132.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Miami Foundation Inc:
Data Sources and Methodology
This transparency report for The Miami Foundation 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.