Harrison Museum of African American Culture

Analysis

Harrison Museum of African American Culture is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in January 1993, 33 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 2023, Harrison Museum of African American Culture reported income of $362k and spending of $233k, leaving 35% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $196k to $362k (+85%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 94%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harrison Museum of African American Culture sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Lexington Arts Association ($362k), Morris County Historical Society ($362k) and Fullerton Chinese Cultural Association ($362k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 0.0% of the total. At year end it held assets of $561k against liabilities of $129k, net assets of $432k.