The Kansas African American Museum Inc

Analysis

The Kansas African American Museum Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in January 1980, 46 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, The Kansas African American Museum Inc reported income of $1.4m and spending of $459k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $1.4m (+224%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 264%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Kansas African American Museum Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within KS. Charities of a similar size with the same main cause include Boyle Heights Arts Conservatory ($1.4m), State Theatre Inc ($1.4m) and Art Pride New Jersey Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $85k (19% of expenses). Other salaries and wages came to $48k. It paid $60k in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $40k, net assets of $4.0m. It reported 5 employees.