Museum of African American History

Analysis

Museum of African American History is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in December 1966, 60 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 June 2023, Museum of African American History reported income of $13.4m and spending of $10.3m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $13.4m (+124%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 167%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of African American History sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Childrens Museum of Manhattan ($13.4m), Fernbank Inc ($13.4m) and Particle Foundation ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $718k (7.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $23.8m against liabilities of $3.4m, net assets of $20.3m. It reported 57 employees.