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Institute of Contemporary Art Miami
Institute of Contemporary Art Miami reported $15.9 million in revenue and $12.4 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $76.59 went to program services, $10.79 to management and general costs and $12.62 to fundraising. Its largest source of revenue was contributions and grants: 96.5% of the total. The highest compensation it reported for one person was $457,799 (ARTISTIC DIRECTOR). 5 people received more than $100,000 in reportable compensation. Revenue rose 169% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.6% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.8% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 12.6% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.5% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.6% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $457,799 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.70% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 58.7 | 36.6 |
| Independent voting board members Part VI 1a–1b | 42 of 42 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseExhibitions and collections during fiscal year 2025, ica miami hosted a wide range of exhibitions from diverse international artists. Major exhibitions during fiscal year 2025 included the following: from november 2024 to march 2025, ica miami presented "keichi tanaami: memory collage," a survey of foundational japanese pop artist, keichi taanami, which included six decades of works. Tanaami was part of the first generation of postwar japanese artists who had to urgently find ways to mediate the trauma of nuclear war and the arrival of psychedelic culture to japan in the 1960s. He worked…
Communications through its communications program, ica miami communicates its mission and activities to the public, informing audiences about Contemporary Art and its importance in our society through multiple media. Ica miami continues to employ a comprehensive marketing and outreach strategy to support engagement with both tourists and miami residents of all ages and socioeconomic backgrounds. The museum maintains dedicated staff for marketing, communications, and digital production and works with leading pr agencies to ensure significant audience reach and press attention on the local…
Public programs during fiscal year 2025, ica miami continued to generate a robust program of public presentations, lectures, seminars, artist talks, live performances, and podcasts. Building on the structure that divides the institution's public programs into focused components, programming was developed under the following rubrics: art + research center, ica ideas, ica performs, and ica speaks. * art + research center (a+rc) ica miami's a+rc remains the museum's platform for advanced study and dialogue on art and ideas, offering free college-level seminars and public lectures. In fy2025, the…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| ARTISTIC DIRECTOR Officer, 40.0 hrs/week | $428,620 | $0 | $29,179 | $457,799 |
| DIRECTOR OF FINANCE Officer, 40.0 hrs/week | $215,370 | $0 | $13,273 | $228,643 |
| DIR, DEVELOP & EXTRNL AFFAIRS Highest compensated employee, 40.0 hrs/week | $152,646 | $0 | $9,221 | $161,867 |
| DIRECTOR OF EXHIBITIONS & COLLECTION Highest compensated employee, 40.0 hrs/week | $111,697 | $0 | $9,924 | $121,621 |
| DIRECTOR OF ART + RESEARCH CENTER Highest compensated employee, 40.0 hrs/week | $107,195 | $0 | $8,933 | $116,128 |
5 people received more than $100,000 in reportable compensation from Institute of Contemporary Art Miami (Part VII, line 2). Compensation of current officers, directors and key employees totaled $686K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b42 · 42 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 559
- Volunteers Part I, line 642
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| USABILITY DYNAMICS INC Marketing/website | $203,614 |
| WOW FACTOR MARKETING GROUP Event planning | $181,134 |
| RESNICOW AND ASSOCIATES INC Marketing | $165,018 |
| MASTERPIECE INTERNATIONAL LTD Shipping | $157,942 |
| US ART Shipping | $130,310 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
22 private foundations reported grants to Institute of Contemporary Art Miami totaling $1.8M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Institute of Contemporary Art Miami's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Institute of Contemporary Art Miami, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Institute of Contemporary Art Miami spent in FY2025, $76.59 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- San Diego Museum of ArtSan Diego, CA · revenue $16M · programs 63.3% · FY2025
- The Florida OrchestraSt Petersburg, FL · revenue $16M · programs 83.7% · FY2025
- The Center for Economic Research and Social ChangeChicago, IL · revenue $16M · programs 89.1% · FY2025
- Flint Institute of MusicFlint, MI · revenue $16M · programs 87.2% · FY2025
- Swc Museum CorpLos Angeles, CA · revenue $16M · programs 59.2% · 2024
All arts, culture & humanities charities · Largest charities in Florida
Questions people ask
How much of Institute of Contemporary Art Miami's spending goes to programs?
In the fiscal year ending September 30, 2025, Institute of Contemporary Art Miami reported that 76.6% of its $12.4 million in expenses went to program services, 10.8% to management and general and 12.6% to fundraising (Form 990, Part IX).
How much does Institute of Contemporary Art Miami pay its top executive?
The largest total compensation Institute of Contemporary Art Miami reported for one person in the fiscal year ending September 30, 2025 was $457,799, for the role of ARTISTIC DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Institute of Contemporary Art Miami get its money?
Of $15.9 million in revenue in the fiscal year ending September 30, 2025, 96.5% came from contributions and grants and 1.6% from program service revenue (Form 990, Part VIII).
Is Institute of Contemporary Art Miami a registered charity?
The IRS lists EIN 47-1251523 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202622259349302102 · read the filing
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202533099349303438 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202432259349302408 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342279349302789 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242279349303219 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202131949349301303 · read the filing
All filings for EIN 47-1251523: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.