African American Cultural Center and Museum Inc

Analysis

African American Cultural Center and Museum Inc is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in October 2001, 25 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 Cultural Center and Museum Inc reported income of $495k and spending of $310k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $495k (+318%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 62% 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 Cultural Center and Museum Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within LA. Charities of a similar size with the same main cause include Evergreen City Ballet ($495k), Situation Project Inc ($495k) and Childrens Choir of Greater Cincinnati ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $310k against liabilities of $0, net assets of $310k.