Miami Short Film Festival Inc

Analysis

Miami Short Film Festival Inc is a registered charity in United States, based in Aventura, FL. It received its IRS tax-exemption ruling in September 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miami Short Film Festival Inc reported income of $131k and spending of $148k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $131k (-17%), an average of -4.4% a year. Over the whole period it spent 113% 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 Short Film Festival Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Central Coast Veterans Memorial Museum Inc ($131k), Alternative Arts and Music Program Utah ($131k) and Shirley Plantation Foundation ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $36k (24% of expenses). At year end it held assets of $72k against liabilities of $116k, net assets of -$43k.

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.