Arts, Culture & Humanities
(A50)
IRS Verified
DX Registered
990 on File
DR CARTER G WOODSON AFRICAN AMERICAN MUSEUM INC
Financial strength (30%)
94/100
Reliability (20%)
55/100
Effectiveness (25%)
83/100
Impact (25%)
No data yet
Register and add impact metrics to be rated above three stars
CharityAI™ Score
Not yet evaluated
Mission Statement
To preserve, present and interpret African American History and to engage a broad audience through activities.
Financial Overview — FY 2024
$2.0M
Total Revenue
$1.2M
Total Expenses
$4.7M
Net Assets
7
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
74.6%
Fundraising Efficiency
18.3%
Operating Reserve
47.70x
Liability-to-Asset
0.0%
Revenue Diversification
66.5%
Compared with Peers
FY 2024
Compared with 3,450 similar organizations
(United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.6% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.6% | 14.4% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.9% | 5.4% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
18.3% | 240.4% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
47.7 mo | 16.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 10.6% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
66.5% | 74.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
63.9% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
50.3% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
42.2% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.0M | $1.2M | $4.7M | 74.6% | 7 |
| 2023 | $1.2M | $780K | $3.1M | 56.6% | 3 |
| 2022 | $1.8M | $660K | $2.7M | 89.9% | 3 |
| 2021 | $3.2M | $331K | N/A | — | 3 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.