Miami Music Teachers Foundation Inc

Analysis

Miami Music Teachers Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2024, 2 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 May 2024, Miami Music Teachers Foundation Inc reported income of $143k and spending of $7,620, leaving 95% of income unspent that year. Across the 6 years on record, from May 2018 to May 2024, income grew from $3,057 to $143k (+4567%), an average of +116% a year. The sharpest change came in the year to May 2020, when income rose by 1748%. Over the whole period it spent 17% 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 Music Teachers Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Emile Norman Arts Foundation Inc ($143k), Dance Without Limits Foundation Inc ($143k) and Madison Lyric Stage ($143k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $292k against liabilities of $0, net assets of $292k.