Aampa African American Museum of Performing Arts Inc

Analysis

Aampa African American Museum of Performing Arts Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 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 June 2023, Aampa African American Museum of Performing Arts Inc reported income of $209k and spending of $195k, spending 93% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $121k to $209k (+73%), an average of +73% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aampa African American Museum of Performing Arts Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Alamance County Historical Museum Inc ($209k), Fireweed Community Woodshop ($209k) and Association for the Study of Nationalities Inc ($209k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.