Miami Gay and Lesbian Film Festival Inc

Analysis

Miami Gay and Lesbian Film Festival Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2014, 12 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, Miami Gay and Lesbian Film Festival Inc reported income of $578k and spending of $589k, spending 102% of its income. Across the 6 years on record, from May 2019 to December 2023, income fell from $851k to $578k (-32%), an average of -7.5% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 104% 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 Gay and Lesbian Film Festival Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Kingdom County Productions ($578k), About Face Theatre Collective ($578k) and Port Townsend School of the Arts ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $169k. At year end it held assets of $166k against liabilities of $56k, net assets of $110k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.