Miami Beach Arts Trust Inc

Analysis

Miami Beach Arts Trust Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in November 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Miami Beach Arts Trust Inc reported income of $74k and spending of $54k, leaving 27% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $54k to $74k (+37%), an average of +37% a year. The sharpest change came in the year to September 2023, when income rose by 37%. Over the whole period it spent 76% 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 Beach Arts Trust Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Showtimers of Roanoke Valley Inc Showtimers ($74k), Seattle Ladies Choir ($74k) and Jack Oconnor Hunting Heritage and Education Center Inc ($74k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.