Miami Black History Museum Inc

Analysis

Miami Black History Museum Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2023, 3 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 September 2023, Miami Black History Museum Inc reported income of $250k and spending of $290k, spending 116% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $125k to $250k (+100%), an average of +100% a year. The sharpest change came in the year to September 2023, when income rose by 100%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miami Black History Museum Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Museum of Relics Inc ($250k), Saint Albans Museum Inc ($250k) and Georgia Music Accord Inc ($250k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.