International Museum of Muslim Culture

Analysis

International Museum of Muslim Culture is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 2003, 23 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, International Museum of Muslim Culture reported income of $1.1m and spending of $842k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Museum of Muslim Culture sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within MS. Charities of a similar size with the same main cause include Southwest Florida Music Education Center Inc ($1.1m), Volcano Art Center ($1.1m) and Actors Express Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $113k (13% of expenses). Other salaries and wages came to $255k. At year end it held assets of $1.3m against liabilities of $7,860, net assets of $1.2m. It reported 8 employees.