Miami Broward One Carnival Host Committee Inc

Analysis

Miami Broward One Carnival Host Committee Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 2011, 15 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 Broward One Carnival Host Committee Inc reported income of $2.4m and spending of $3.9m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.4m (+32%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 1276%. Over the whole period it spent 118% 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 Broward One Carnival Host Committee Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Universal Hip Hop Museum ($2.4m), Peoria Riverfront Museum Foundation ($2.4m) and Santa Barbara Maritime Museum ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $380k (9.7% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 3 employees.