Dr Carter G Woodson African American Museum Inc

Analysis

Dr Carter G Woodson African American Museum Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 2004, 22 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 September 2023, Dr Carter G Woodson African American Museum Inc reported income of $1.2m and spending of $780k, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $223k to $1.2m (+455%), an average of +54% a year. The sharpest change came in the year to September 2021, when income rose by 299%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Dr Carter G Woodson African American Museum Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Kids Empowered by Your Support Inc ($1.2m), Peabody Access Telecommunications Inc ($1.2m) and National Spiritualist Association of Churches ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Other salaries and wages came to $252k. At year end it held assets of $3.1m against liabilities of $5,823, net assets of $3.1m. It reported 3 employees.