Greater Miami Youth Symphony of Dade County Florida Inc

Analysis

Greater Miami Youth Symphony of Dade County Florida Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 1979, 47 years ago. 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, Greater Miami Youth Symphony of Dade County Florida Inc reported income of $842k and spending of $878k, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $771k to $842k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Miami Youth Symphony of Dade County Florida Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Church of Saviour Foundation ($842k), Albin Polasek Museum and Sculpture Gardens Inc ($842k) and Go International Inc ($841k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $136k (15% of expenses). At year end it held assets of $674k against liabilities of $132k, net assets of $542k. It reported 7 employees.