Grand Rapids African American Museum and Archives

Analysis

Grand Rapids African American Museum and Archives is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in February 2019, 7 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, Grand Rapids African American Museum and Archives reported income of $124k and spending of $98k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $124k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Rapids African American Museum and Archives sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Alltogethernow Corp ($124k), Streatorland Historical Society Inc ($124k) and Incredibly Blessed Inc ($124k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $612, net assets of $168k.