National Juneteenth Museum

Analysis

National Juneteenth Museum is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in May 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, National Juneteenth Museum reported income of $2.5m and spending of $880k, leaving 65% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $200k to $2.5m (+1152%), an average of +254% a year. The sharpest change came in the year to December 2022, when income rose by 276%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Juneteenth Museum sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Williamstown Art Conservation Center Inc ($2.5m), Open Works Inc ($2.5m) and A Long Walk Home ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $173k (20% of expenses). At year end it held assets of $2.0m against liabilities of $6,479, net assets of $2.0m. It reported 2 employees.