Backstreet Cultural Museum Inc

Analysis

Backstreet Cultural Museum Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in May 2017, 9 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, Backstreet Cultural Museum Inc reported income of $118k and spending of $120k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $71k to $118k (+68%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Backstreet Cultural Museum Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within LA. Charities of a similar size with the same main cause include Turkish American Cultural Association of Michigan ($118k), Grove Heritage Association Inc ($118k) and Jefferson Choral Society ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $31k, net assets of $46k.