Cuban Classical Ballet of Miami Inc

Analysis

Cuban Classical Ballet of Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 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 December 2023, Cuban Classical Ballet of Miami Inc reported income of $436k and spending of $453k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $703k to $436k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 58%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cuban Classical Ballet of Miami Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Public Radio News Directors Inc ($436k), Riverside County Philharmonic Association Inc ($436k) and Light Work Visual Studies Inc ($436k).

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. At year end it held assets of $124k against liabilities of $0, net assets of $124k.