Muhammad Ali Museum and Education

Analysis

Muhammad Ali Museum and Education is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 1998, 28 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, Muhammad Ali Museum and Education reported income of $3.6m and spending of $5.3m, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.6m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 124% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Muhammad Ali Museum and Education sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within KY. Charities of a similar size with the same main cause include Palm Beach Dramaworks Inc ($3.6m), Italian American Cultural Society ($3.6m) and Hubbard Street Dance Chicago Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $262k (4.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $29.9m against liabilities of $386k, net assets of $29.5m. It reported 57 employees.