Indie Film Club Miami

Analysis

Indie Film Club Miami is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in June 2015, 11 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 2021, Indie Film Club Miami reported income of $289k and spending of $502k, spending 174% of what it took in. Across the 4 years on record, from December 2018 to December 2021, income fell from $333k to $289k (-13%), an average of -4.6% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indie Film Club Miami sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Making Spirits Bright ($289k), Historical Society of Haddonfield ($289k) and Medfield Youth Hockey Assoc ($289k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 49% and program service revenue 51% of the total. It paid $13k in professional fundraising fees. At year end it held assets of $32k against liabilities of $240k, net assets of -$208k.