Museum of Afro American History Inc

Analysis

Museum of Afro American History Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Museum of Afro American History Inc reported income of $988k and spending of $2.4m, spending 243% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $988k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income rose by 326%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Afro American History Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Harbor Springs Lyric Theatre ($988k), Quincy Telecommunications Corporation Inc ($988k) and Fernando Pullum Community Arts Center ($988k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 125% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $307k (13% of expenses). Other salaries and wages came to $408k. At year end it held assets of $12.0m against liabilities of $932k, net assets of $11.0m. It reported 15 employees.