Greater Miami Festivals Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 66,977 | 58,724 | 8,253 | 1.1 | — |
| 2020 | 51,001 | 42,697 | 8,304 | 3.8 | — |
| 2021 | 71,342 | 60,370 | 10,972 | 4.9 | — |
| 2022 | 65,191 | 63,602 | 1,589 | 4.9 | — |
| 2023 | 91,425 | 84,658 | 6,767 | 4.7 | — |
In its most recent public year (2023), this organization brought in $6,767 more than it spent. Its reserves stood at about 4.7 months of spending, up from 1.1 in 2019.
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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