Jorge M Perez Art Museum of Miami Dade County Inc

Analysis

Jorge M Perez Art Museum of Miami Dade County Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1981, 45 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 December 2023, Jorge M Perez Art Museum of Miami Dade County Inc reported income of $41.3m and spending of $21.6m, leaving 48% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $8.7m to $41.3m (+375%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jorge M Perez Art Museum of Miami Dade County Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Close Up Foundation ($41.1m), Fox Theatre Inc ($41.4m) and The Math Learning Center ($40.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $1.1m (5.3% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $179.1m against liabilities of $4.8m, net assets of $174.3m. It reported 135 employees.