Miami Arts Commission
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 933 | 1,451 | −518 | 1.5 | 51% |
| 2017 | 1,848 | 1,527 | 321 | 3.9 | — |
| 2018 | 7,857 | 6,715 | 1,142 | 2.9 | — |
| 2019 | 2,422 | 2,563 | −141 | 7.0 | — |
| 2020 | 4,856 | 1,988 | 2,868 | 26.4 | — |
| 2021 | 6,894 | 349 | 6,545 | 375.3 | — |
| 2022 | 7,862 | 3,738 | 4,124 | 31.2 | — |
| 2023 | 35,513 | 25,145 | 10,368 | 7.0 | 8% |
In its most recent public year (2023), this organization brought in $10,368 more than it spent. Its reserves stood at about 7 months of spending, up from 1.5 in 2016. Staff pay was 8% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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