African Art Museum of Maryland

Analysis

African Art Museum of Maryland is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in April 1981, 45 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 June 2024, African Art Museum of Maryland reported income of $69k and spending of $26k, leaving 62% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $30k to $69k (+133%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 258%. Over the whole period it spent 64% 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 Art Museum of Maryland sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Dainty Jewells Foundation ($69k), International Federation for Psychoanalytic Education ($69k) and The American Society of Military Insignia Collectors ($69k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. It paid $234 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $25k, net assets of $1.3m.