Association of African American Museums

Analysis

Association of African American Museums is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2013, 13 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, Association of African American Museums reported income of $1.9m and spending of $2.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $1.9m (+309%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association of African American Museums sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include North Dakota Museum of Art ($1.9m), Childrens Museum of the East End ($1.9m) and Beneficial Ai Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $180k (9.2% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.2m against liabilities of $53k, net assets of $1.1m. It reported 3 employees.