Miami Dance Project Inc

Analysis

Miami Dance Project Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miami Dance Project Inc reported income of $999k and spending of $1.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $972k to $999k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miami Dance Project Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Friends Of@levitt Pavilion Dayton ($998k), Higher Orbits Foundation ($999k) and Missoula Art Museum ($998k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $67k (6.6% of expenses). Other salaries and wages came to $334k. At year end it held assets of $474k against liabilities of $500k, net assets of -$26k. It reported 11 employees.