Miami Hispanic Ballet Corp

Analysis

Miami Hispanic Ballet Corp is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 1996, 30 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 2022, Miami Hispanic Ballet Corp reported income of $488k and spending of $557k, spending 114% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $992k to $488k (-51%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 102% 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 Hispanic Ballet Corp sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Tkiya Music Inc ($488k), Hagood Mill Foundation ($489k) and Faith Unity Inc ($488k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.9m against liabilities of $8,457, net assets of $1.9m.