Orchestra Miami Inc

Analysis

Orchestra Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2008, 18 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 September 2023, Orchestra Miami Inc reported income of $393k and spending of $368k, spending 94% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $221k to $393k (+78%), an average of +21% a year. The sharpest change came in the year to September 2022, when income rose by 73%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Orchestra Miami Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Dekalb County History Center ($393k), Little Village Foundation ($393k) and Ignition Northwest ($393k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $50k (14% of expenses). At year end it held assets of $25k against liabilities of $65k, net assets of -$40k.