Maiaca Inc

Nonprofit profile at a glance

EIN
822474292
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Miami, FL, USA
Phone
3053212332
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Arts, Cultural Organizations - Multipurpose

Official website

Reported finances

Revenue
$44,354
Expenses
$41,947
Assets
$40,674
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Amruta Parekh (President)
  • Gita Patel (President)
  • Pooja Uberoi (Executive Director)

People named in this filing

  • Amruta Parekh (President)
  • Gita Patel (President)
  • Anjana Mishra (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

MAIACA is a non-profit organization dedicated to preserving and promoting the rich artistic and cultural heritage of India through public programs, exhibitions, and community events. Its primary exempt purpose is to promote the Indian arts and culture in the Miami, Florida community.

What it reported doing in 2024

The organization hosted a community-wide Holi picnic celebrating cultural diversity and inclusion. The event featured traditional Indian music, dance performances, food, and interactive activities including Holi play with colored powder for families and children. It promoted cultural awareness and fostered community engagement among over 200 attendees.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 54
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.1%; rating input score 89
  • Program expense ratio: 94.2%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 5.4%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -18.1% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -5.3% per year; rating input score 0; 33rd percentile among comparable filings
  • Asset growth: 21.3% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 89.1% of revenue deployed · 94.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $40K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.