Houston Museum of African American Culture

Analysis

Houston Museum of African American Culture is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 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 December 2022, Houston Museum of African American Culture reported income of $872k and spending of $901k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $737k to $872k (+18%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 291%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Houston Museum of African American Culture sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Historic Locust Grove Inc ($872k), Ogden Dinosaur Park & Museum Foundation ($872k) and Friends of the Childrens Museum at LA Habra Inc ($871k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $92k (10% of expenses). Other salaries and wages came to $281k. At year end it held assets of $373k against liabilities of $26k, net assets of $347k. It reported 7 employees.