Miami Center for Architecture & Design Inc

Analysis

Miami Center for Architecture & Design Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in January 2016, 10 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 September 2023, Miami Center for Architecture & Design Inc reported income of $227k and spending of $250k, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $262k to $227k (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2022, when income rose by 201%. Over the whole period it spent 91% 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 Center for Architecture & Design Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Furnace Town Foundation Incorporated ($227k), Rural Retreat Depot Foundation Inc ($227k) and Nonprofit Technology Resource Institute Inc ($227k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $30k (12% of expenses). Other salaries and wages came to $15k. At year end it held assets of $147k against liabilities of $5,245, net assets of $142k. It reported 3 employees.