African American Heritage Museum of Southern New Jersey Inc

Analysis

African American Heritage Museum of Southern New Jersey Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, African American Heritage Museum of Southern New Jersey Inc reported income of $89k and spending of $88k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $89k (+13%), an average of +13% a year. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African American Heritage Museum of Southern New Jersey Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Grove Area Percussion ($89k), Art Tooth ($89k) and Not So Common Players Inc ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,720 against liabilities of $5,561, net assets of -$2,841.