Miamibloco Inc

Analysis

Miamibloco Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miamibloco Inc reported income of $99k and spending of $64k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $99k (+289%), an average of +289% a year. The sharpest change came in the year to December 2023, when income rose by 289%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miamibloco Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Rosemont Restoration Foundation Inc ($99k), Aid Africa ($99k) and Humanities Iowa ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 61% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.