Vizcaya Museum and Gardens Trust Inc

Analysis

Vizcaya Museum and Gardens Trust Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2014, 12 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, Vizcaya Museum and Gardens Trust Inc reported income of $21.7m and spending of $20.2m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $11.3m to $21.7m (+91%), an average of +18% a year. The sharpest change came in the year to September 2022, when income rose by 42%. 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, Vizcaya Museum and Gardens Trust Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include National Constitution Center ($21.6m), American Concrete Institute ($21.7m) and Jacobs Pillow Dance Festival Inc ($21.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $1.0m (5.1% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $17.9m against liabilities of $5.3m, net assets of $12.7m. It reported 101 employees.