Cultural Museum of African Art Inc- the Eric Edwards Collection

Analysis

Cultural Museum of African Art Inc- the Eric Edwards Collection is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2015, 11 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 June 2023, Cultural Museum of African Art Inc- the Eric Edwards Collection reported income of $152k and spending of $143k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $107k to $152k (+42%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Museum of African Art Inc- the Eric Edwards Collection sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Klezcalifornia Inc ($152k), Intentional Innovation Foundation Inc ($152k) and The Chenango County Council of the Arts Inc ($152k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $89k against liabilities of $8,050, net assets of $81k.