Greater Miami Festivals Association Inc

Analysis

Greater Miami Festivals Association Inc is a registered charity in United States, based in North Miami, FL. It received its IRS tax-exemption ruling in November 2011, 15 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 September 2023, Greater Miami Festivals Association Inc reported income of $91k and spending of $85k, spending 93% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $65k to $91k (+40%), an average of +40% a year. The sharpest change came in the year to September 2023, when income rose by 40%. 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, Greater Miami Festivals Association Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include The Villages Pops Chorus Inc ($91k), Center for Civic Arts ($91k) and Childrens Museum of Eastern Oregon ($91k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.