Miami Youth Ballet Inc

Analysis

Miami Youth Ballet Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 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 2022, Miami Youth Ballet Inc reported income of $390k and spending of $387k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $377k to $390k (+3.6%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 99% 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 Youth Ballet 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 New Orleans Access Television Inc ($390k), Peoples Club of Nigeria International Houston Branch ($390k) and Arts on Alexander ($390k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $94k (24% of expenses). Other salaries and wages came to $110k. At year end it held assets of $129k against liabilities of $18k, net assets of $111k. It reported 2 employees.