Haitian American Museum of Chicago

Analysis

Haitian American Museum of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2014, 12 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, Haitian American Museum of Chicago reported income of $508k and spending of $276k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $508k (+177%), an average of +178% a year. The sharpest change came in the year to December 2023, when income rose by 177%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Haitian American Museum of Chicago sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Headley-Whitney Museum Inc ($508k), Museum of Texas Tech University Association ($508k) and Braata Productions Corp ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $21k (7.5% of expenses). It paid $2,202 in professional fundraising fees. At year end it held assets of $315k against liabilities of $0, net assets of $315k.