Miami Dance Hub Inc

Analysis

Miami Dance Hub Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2020, 6 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 Dance Hub Inc reported income of $72k and spending of $63k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $31k to $72k (+134%), an average of +134% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 88% 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 Dance Hub 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 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Central European Historical Society ($72k), Maroon 9 Community Enrichment Organization ($72k) and Cheai Research Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.