Havre de Grace Colored School Museum and Cultural Center Inc

Analysis

Havre de Grace Colored School Museum and Cultural Center Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in September 2019, 7 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, Havre de Grace Colored School Museum and Cultural Center Inc reported income of $1.2m and spending of $187k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $1.2m (+360%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 504%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Havre de Grace Colored School Museum and Cultural Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Adventure Theatre Inc ($1.2m), Cultural Center of Cape Cod Inc ($1.2m) and Musicworks ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $12k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m. It reported 2 employees.