Significant increase in liabilities from $0 to $499,900 between 202112 and 202212, nearly matching assets.
Operating at a slight deficit in the last two reported periods (202312 and 202212), with expenses exceeding revenue.
Lack of detailed expense breakdown in provided data makes it difficult to fully assess spending efficiency.
Strengths
Consistent revenue generation, approaching $1 million annually in recent years.
Strong transparency regarding executive compensation, reporting 0% officer compensation across all filings.
Demonstrated growth in assets over its operational history, from $3,791 in 201512 to $473,658 in 202312.
Spending Breakdown
How Miami Dance Project Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Miami Dance Project Inc
Is Miami Dance Project Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Miami Dance Project Inc (EIN: 201901580) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Miami Dance Project Inc a good charity to donate to?
Miami Dance Project Inc has a Mission Score of 70/100. Revenue: $815K. Assets: $440K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Miami Dance Project Inc?
The Employer Identification Number (EIN) for Miami Dance Project Inc is 201901580. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Miami Dance Project Inc spend its money?
Miami Dance Project Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Miami Dance Project Inc's tax-exempt status?
You can verify Miami Dance Project Inc's tax-exempt status using EIN 201901580 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Miami Dance Project Inc demonstrates consistent revenue generation, with recent filings showing revenues around $1 million. However, the organization has operated at a slight deficit in the last two reported periods (202312 and 202212), with expenses exceeding revenue by approximately $24,000 and $23,000 respectively. While the organization's assets have grown significantly over its history, reaching $473,658 in 202312, a notable concern is the substantial increase in liabilities, which jumped from $0 in 202112 to $499,900 in 202212 and remained at that level in 202312. This indicates a reliance on debt or other obligations that nearly match or exceed its assets, raising questions about long-term financial stability.
The organization's transparency regarding executive compensation is strong, reporting 0% officer compensation across all available filings. This suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive indicator for donor confidence. However, without a detailed breakdown of expenses beyond total revenue and expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The consistent operation near break-even or slight deficit in recent years, coupled with the high liabilities, warrants closer scrutiny for potential donors.