Museum of Contemporary Art of the Americas Inc

Analysis

Museum of Contemporary Art of the Americas Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2017, 9 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, Museum of Contemporary Art of the Americas Inc reported income of $380k and spending of $378k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $191k to $380k (+99%), an average of +99% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Contemporary Art of the Americas Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Yaffa Cultural Arts Inc ($380k), Santa Paula Art Museum ($380k) and Pacifica Community Television Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (16% of expenses). Other salaries and wages came to $102k. It paid $2,390 in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0.