Ouachita African-American Historical Society

Analysis

Ouachita African-American Historical Society is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in August 1994, 32 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, Ouachita African-American Historical Society reported income of $223k and spending of $289k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $223k (+135%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 160% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ouachita African-American Historical Society sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Owatonna Marching Band Boosters ($223k), Hillman Grad Foundation Inc ($223k) and Hawaii Academy of Recording Arts ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $1.8m against liabilities of $85k, net assets of $1.7m. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.