African American Museum in

Analysis

African American Museum in is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1975, 51 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, African American Museum in reported income of $6.6m and spending of $3.7m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $6.6m (+171%), an average of +28% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 104% 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 Museum in sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Nashville Public Television Inc ($6.6m), Holocaust Museum Houston ($6.6m) and B H Music Center ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $1.2m (31% of expenses). At year end it held assets of $6.4m against liabilities of $219k, net assets of $6.2m. It reported 26 employees.