Miami Fourth Estate Inc

Analysis

Miami Fourth Estate Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2021, 5 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 Fourth Estate Inc reported income of $106k and spending of $140k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $76k to $106k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 105% 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 Fourth Estate Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Deep Arts Inc ($106k), Trepany House ($106k) and Altoona Renaissance Team Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $48k against liabilities of $12k, net assets of $36k.