Alex Haley Museum Association

Analysis

Alex Haley Museum Association is a registered charity in United States, based in Henning, TN. It received its IRS tax-exemption ruling in October 1987, 39 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, Alex Haley Museum Association reported income of $98k and spending of $91k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $95k to $98k (+2.9%), an average of +1.0% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alex Haley Museum Association sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within TN. Charities of a similar size with the same main cause include Karl Stirner Arts Trail Inc ($98k), Wisconsin State Firefighters Memorial Inc ($98k) and New West Ballet Inc ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $30k (33% of expenses). At year end it held assets of $174k against liabilities of $1,864, net assets of $172k. It reported 3 employees.