San Diego African American Museum of Fine Art Inc

Analysis

San Diego African American Museum of Fine Art Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. 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, San Diego African American Museum of Fine Art Inc reported income of $127k and spending of $115k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $226k to $127k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Diego African American Museum of Fine Art Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Concord Recreational Soccer Inc ($127k), Historic Shepherdstown Commission Inc ($127k) and American Society of Civil Engineers ($127k).

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 $237k against liabilities of $105k, net assets of $132k.