African American Cultural & Historical Museum

Analysis

African American Cultural & Historical Museum is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in January 1996, 30 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, African American Cultural & Historical Museum reported income of $142k and spending of $155k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $135k to $142k (+5.0%), an average of +5.0% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, African American Cultural & Historical Museum sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Scottsboro Jackson Heritage Center Association ($141k), Capitol Hill Chorale ($142k) and Chinatown Youth Initiatives ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.1% of the total. At year end it held assets of $484k against liabilities of $1,999, net assets of $482k.