Arts & Business Council of Miami Inc

Analysis

Arts & Business Council of Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1986, 40 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 June 2023, Arts & Business Council of Miami Inc reported income of $765k and spending of $708k, spending 92% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $374k to $765k (+105%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 102%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts & Business Council of Miami Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include NW Goldberg Cares ($765k), Employment Policies Institute Foundation ($765k) and Barn Lot Theatre ($765k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 62% of the total. Other salaries and wages came to $235k. At year end it held assets of $625k against liabilities of $0, net assets of $625k. It reported 4 employees.