Miami Biennale Inc

Analysis

Miami Biennale Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2015, 11 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 Biennale Inc reported income of $191k and spending of $217k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $36k to $191k (+427%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 1869%. Over the whole period it spent 155% 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 Biennale Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Cincinnati Art Club ($191k), Speedwell Projects ($191k) and Art for the Soul Art Gallery Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $1.4m, net assets of -$1.3m.