O Miami Inc

Analysis

O Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 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 June 2023, O Miami Inc reported income of $1.3m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $728k to $1.3m (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, O Miami Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Japanese Cultural & Community Center of Northern California ($1.3m), Theatre at Boston Court ($1.3m) and Greater Plymouth Performing Arts Center Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $85k (6.7% of expenses). Other salaries and wages came to $312k. At year end it held assets of $1.1m against liabilities of $180k, net assets of $918k. It reported 6 employees.