Miami Design Preservation League Inc

Analysis

Miami Design Preservation League Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in October 1978, 48 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 March 2024, Miami Design Preservation League Inc reported income of $1.8m and spending of $1.8m, spending 98% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $1.4m to $1.8m (+27%), an average of +4.9% a year. The sharpest change came in the year to March 2022, when income rose by 150%. Over the whole period it spent 95% 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 Design Preservation League Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Youth on Record ($1.8m), Dads Garage Inc ($1.8m) and Media Theatre for the Performing Arts ($1.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $141k (8.0% of expenses). Other salaries and wages came to $423k. At year end it held assets of $1.0m against liabilities of $112k, net assets of $931k. It reported 23 employees.