Museum of Contemporary African Diasporian Arts

Analysis

Museum of Contemporary African Diasporian Arts is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2001, 25 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 June 2023, Museum of Contemporary African Diasporian Arts reported income of $1.7m and spending of $1.1m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $320k to $1.7m (+427%), an average of +52% a year. The sharpest change came in the year to June 2020, when income rose by 139%. Over the whole period it spent 72% 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 Contemporary African Diasporian Arts sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Tank Ltd ($1.7m), Integral Ecology Research Center ($1.7m) and Craft Contemporary ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $45k (4.3% of expenses). Other salaries and wages came to $265k. At year end it held assets of $1.8m against liabilities of $337k, net assets of $1.5m. It reported 20 employees.