Savannah Museum of African Art Inc

Analysis

Savannah Museum of African Art Inc is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in March 2018, 8 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Savannah Museum of African Art Inc reported income of $379k and spending of $441k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.5m to $379k (-85%), an average of -46% a year. The sharpest change came in the year to December 2020, when income dropped by 88%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Savannah Museum of African Art Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Anguilla Progressive Association of New York Inc ($379k), Santa Fe Fiesta Inc ($379k) and Lotus Fine Arts Productions Inc ($379k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.

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.