Miami Dance Project Inc
Miami Dance Project Inc operates near break-even with significant liabilities despite consistent revenue.
EIN: 201901580 · Miami, FL · NTEE: A62 · Updated: 2026-03-28
Is Miami Dance Project Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Miami Dance Project Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Miami Dance Project Inc
Miami Dance Project Inc (EIN: 201901580) is a nonprofit organization based in Miami, FL, classified under NTEE code A62. The organization reported total revenue of $815K and total assets of $440K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miami Dance Project Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miami Dance Project Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $999K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-24,173 |
| Total Assets | $474K |
| Total Liabilities | $500K |
| Net Assets | $-26,242 |
| Operating Margin | -2.4% |
| Debt-to-Asset Ratio | 105.5% |
| Months of Reserves | 5.6 months |
Financial Health Grade: C
In 2023, Miami Dance Project Inc reported a deficit of $24K with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 105.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Miami Dance Project Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.1% | -4.9% |
| 2022 | -0.3% | +2.0% | +103.3% |
| 2021 | +18.5% | +18.5% | +370.7% |
| 2020 | -13.0% | -13.0% | +82.4% |
| 2019 | +1.6% | +2.7% | -43.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Miami Dance Project Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Miami Dance Project Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 105.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer categories, which is a positive sign for donor trust given the organization's annual revenues approaching $1 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Miami Dance Project Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Miami Dance Project Inc:
- 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.
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) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Miami Dance Project Inc spend its money?
Miami Dance Project Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Miami Dance Project Inc tax-deductible?
Miami Dance Project Inc is registered as a tax-exempt nonprofit (EIN: 201901580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities from $0 in 202112 to $499,900 in 202212?
The IRS 990 filings show a dramatic increase in liabilities between the 202112 and 202212 periods, from $0 to $499,900. This substantial change warrants further investigation to understand the nature of these liabilities (e.g., loans, deferred revenue, payables) and their impact on the organization's financial health.
How does Miami Dance Project Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that the organization's leadership may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990. This is an unusual but potentially very efficient model for a non-profit of this size.
What is the detailed breakdown of expenses beyond total revenue and expenses?
While total revenue and expenses are provided, a detailed breakdown of program service expenses, management and general expenses, and fundraising expenses is needed to fully assess the organization's spending efficiency and allocation of resources towards its mission.
Filing History
IRS 990 filing history for Miami Dance Project Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Miami Dance Project Inc's revenue has grown by 231.2%, moving from $302K to $999K. Total assets increased by 13629.2% over the same period, from $3K to $474K. Total functional expenses rose by 236.2%, from $304K to $1.0M. In its most recent filing year (2023), Miami Dance Project Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $500K in liabilities against $474K in assets (debt-to-asset ratio: 105.5%), resulting in net assets of $-26,242.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $999K | $1.0M | $474K | $500K | — | — |
| 2022 | $998K | $1.0M | $498K | $500K | — | View 990 |
| 2021 | $1.0M | $1.0M | $245K | $0 | — | View 990 |
| 2020 | $845K | $845K | $52K | $0 | — | View 990 |
| 2019 | $972K | $972K | $29K | $0 | — | View 990 |
| 2018 | $957K | $946K | $50K | $0 | — | View 990 |
| 2017 | $657K | $637K | $27K | $0 | — | View 990 |
| 2016 | $481K | $466K | $8K | $0 | — | View 990 |
| 2015 | $453K | $443K | $4K | $0 | — | View 990 |
| 2014 | $422K | $415K | $7K | $0 | — | View 990 |
| 2013 | $429K | $424K | $5K | $0 | — | View 990 |
| 2012 | $394K | $393K | $4K | $0 | — | View 990 |
| 2011 | $302K | $304K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $999K, expenses of $1.0M, and assets of $474K (revenue +0.0% year-over-year).
- 2022: Revenue of $998K, expenses of $1.0M, and assets of $498K (revenue -0.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.0M, and assets of $245K (revenue +18.5% year-over-year).
- 2020: Revenue of $845K, expenses of $845K, and assets of $52K (revenue -13.0% year-over-year).
- 2019: Revenue of $972K, expenses of $972K, and assets of $29K (revenue +1.6% year-over-year).
- 2018: Revenue of $957K, expenses of $946K, and assets of $50K (revenue +45.5% year-over-year).
- 2017: Revenue of $657K, expenses of $637K, and assets of $27K (revenue +36.7% year-over-year).
- 2016: Revenue of $481K, expenses of $466K, and assets of $8K (revenue +6.1% year-over-year).
- 2015: Revenue of $453K, expenses of $443K, and assets of $4K (revenue +7.5% year-over-year).
- 2014: Revenue of $422K, expenses of $415K, and assets of $7K (revenue -1.8% year-over-year).
- 2013: Revenue of $429K, expenses of $424K, and assets of $5K (revenue +9.0% year-over-year).
- 2012: Revenue of $394K, expenses of $393K, and assets of $4K (revenue +30.7% year-over-year).
- 2011: Revenue of $302K, expenses of $304K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miami Dance Project Inc:
Data Sources and Methodology
This transparency report for Miami Dance Project Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.