Teatro Avante Inc

Analysis

Teatro Avante Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2023, 3 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 December 2022, Teatro Avante Inc reported income of $438k and spending of $438k, spending 100% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $416k to $438k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Teatro Avante 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 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Pinocchio Inc ($438k), Colorado West Performing Arts Company ($438k) and Alabama Writers Forum Inc ($438k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 2 employees.