Minnesota African American Heritage Museum and Gallery

Analysis

Minnesota African American Heritage Museum and Gallery is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 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 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, Minnesota African American Heritage Museum and Gallery reported income of $76k and spending of $214k, spending 279% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $307k to $76k (-75%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota African American Heritage Museum and Gallery sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Southcoast Dixieland Clambake Inc ($76k), Utah Museums Association Inc ($76k) and Wyoming Creative Arts Community Inc ($76k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $305k against liabilities of $0, net assets of $305k.