The Dusable Black History Museum and Education Center

Analysis

The Dusable Black History Museum and Education Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1963, 63 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, The Dusable Black History Museum and Education Center reported income of $3.6m and spending of $4.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.6m (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Dusable Black History Museum and Education Center sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Wiyn Consortium Inc ($3.6m), Inside Climate News ($3.6m) and Cleveland Center for Arts and Technology ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $337k (8.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $14.2m against liabilities of $590k, net assets of $13.6m. It reported 28 employees.