Sankofa Childrens Museum of African Cultures

Analysis

Sankofa Childrens Museum of African Cultures is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sankofa Childrens Museum of African Cultures reported income of $200k and spending of $175k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $200k (+57%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 495%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sankofa Childrens Museum of African Cultures sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Miller Beach Arts & Creative District CDC ($200k), Road Show Inc ($200k) and Heart of America Antique Steam Engine & Model Association ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 9.7% of the total. Other salaries and wages came to $49k. It paid $490 in professional fundraising fees. At year end it held assets of $237k against liabilities of $104k, net assets of $133k. It reported 3 employees.