African American Heritage Society Museum

Analysis

African American Heritage Society Museum is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in December 2013, 13 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, African American Heritage Society Museum reported income of $150k and spending of $440k, spending 294% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $150k (-88%), an average of -66% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 77% 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 American Heritage Society Museum sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within TN. Charities of a similar size with the same main cause include Tucson Celtics Festival Association Inc ($149k), Chinese Seattle News ($150k) and Springforward ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.