Miami New Drama Inc

Analysis

Miami New Drama Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 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 September 2023, Miami New Drama Inc reported income of $4.6m and spending of $4.3m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.4m to $4.6m (+35%), an average of +7.7% a year. The sharpest change came in the year to September 2022, when income rose by 121%. Over the whole period it spent 96% 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 New Drama Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Friends of Hildene Inc ($4.6m), Theatre Aspen ($4.6m) and Michigan Theater Foundation Inc ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $153k (3.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $339k. It reported 169 employees.