Inter-American Choreographic Institute

Analysis

Inter-American Choreographic Institute is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inter-American Choreographic Institute reported income of $68k and spending of $63k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $85k to $68k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Inter-American Choreographic Institute sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Western North Carolina Sculpture Center Inc ($68k), Calistoga Theater Company ($68k) and Behind the Leaf Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. At year end it held assets of $46k against liabilities of $0, net assets of $46k.