Miami International Ballet Competition

Analysis

Miami International Ballet Competition is a registered charity in United States, based in Aventura, FL. It received its IRS tax-exemption ruling in February 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miami International Ballet Competition reported income of $123k and spending of $140k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $123k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. 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 International Ballet Competition sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Islamic Arts Society ($123k), Capacitor ($123k) and Social Science History Association ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $34k against liabilities of $2,863, net assets of $31k.