W E B du Bois Museum Foundation

Analysis

W E B du Bois Museum Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2020, 6 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, W E B du Bois Museum Foundation reported income of $586k and spending of $759k, spending 130% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $330k to $586k (+77%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 587%. Over the whole period it spent 51% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, W E B du Bois Museum Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Phoenix Symphony Guild ($586k), Robert M Merryman Performing Arts Center ($586k) and Friends of the Erben Organ Inc ($586k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $187k (25% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.