African American Heritage Society Museum
EIN: 621608388 · Franklin, TN · NTEE: A50
| Metric | Value |
|---|---|
| Total Revenue | $494K |
| Total Expenses | $440K |
| Net Assets | $1.2M |
Is African American Heritage Society Museum Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About African American Heritage Society Museum
African American Heritage Society Museum (EIN: 621608388) is a nonprofit organization based in Franklin, TN, classified under NTEE code A50. The organization reported total revenue of $494K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African American Heritage Society Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African American Heritage Society Museum is a small nonprofit that has been operating for 13 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $440K |
| Surplus / Deficit | $-290,568 |
| Total Assets | $1.2M |
| Net Assets | $1.2M |
| Operating Margin | -194.4% |
| Months of Reserves | 32.6 months |
Financial Health Grade: B
In 2023, African American Heritage Society Museum reported a deficit of $291K with expenses exceeding revenue, holds 32.6 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), African American Heritage Society Museum's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.2% | +277.6% | -18.9% |
| 2022 | -77.3% | -84.7% | +13.4% |
| 2021 | +1529.6% | +1244.0% | +609.4% |
| 2020 | -25.2% | -11.6% | +13.1% |
| 2019 | +30.8% | +5.8% | +32.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for African American Heritage Society Museum has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates African American Heritage Society Museum with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $291K, with expenses exceeding revenue.
Frequently Asked Questions about African American Heritage Society Museum
Is African American Heritage Society Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, African American Heritage Society Museum (EIN: 621608388) insufficient data. 0 red flags identified, 0 strengths noted.
How does African American Heritage Society Museum spend its money?
Detailed spending breakdown data is not yet available for African American Heritage Society Museum. Check back for updated IRS 990 analysis.
Are donations to African American Heritage Society Museum tax-deductible?
African American Heritage Society Museum is registered as a tax-exempt nonprofit (EIN: 621608388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is African American Heritage Society Museum located?
African American Heritage Society Museum is headquartered in Franklin, Tennessee and files with the IRS under EIN 621608388. It is classified under NTEE code A50.
How many years of IRS 990 filings does African American Heritage Society Museum have?
African American Heritage Society Museum has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $494K in total revenue.
Filing History
IRS 990 filing history for African American Heritage Society Museum showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), African American Heritage Society Museum's revenue has grown by 154%, moving from $59K to $150K. Total assets increased by 1563.1% over the same period, from $72K to $1.2M. Total functional expenses rose by 927.7%, from $43K to $440K. In its most recent filing year (2023), African American Heritage Society Museum reported a deficit of $291K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $440K | $1.2M | $0 | — | View 990 |
| 2022 | $289K | $117K | $1.5M | $0 | — | — |
| 2021 | $1.3M | $762K | $1.3M | $0 | — | View 990 |
| 2020 | $78K | $57K | $184K | $0 | — | — |
| 2019 | $104K | $64K | $162K | $0 | — | View 990 |
| 2018 | $80K | $61K | $122K | $0 | — | View 990 |
| 2017 | $83K | $52K | $103K | $0 | — | — |
| 2016 | $59K | $43K | $72K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $440K, and assets of $1.2M (revenue -48.2% year-over-year).
- 2022: Revenue of $289K, expenses of $117K, and assets of $1.5M (revenue -77.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $762K, and assets of $1.3M (revenue +1529.6% year-over-year).
- 2020: Revenue of $78K, expenses of $57K, and assets of $184K (revenue -25.2% year-over-year).
- 2019: Revenue of $104K, expenses of $64K, and assets of $162K (revenue +30.8% year-over-year).
- 2018: Revenue of $80K, expenses of $61K, and assets of $122K (revenue -4.1% year-over-year).
- 2017: Revenue of $83K, expenses of $52K, and assets of $103K (revenue +41.3% year-over-year).
- 2016: Revenue of $59K, expenses of $43K, and assets of $72K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African American Heritage Society Museum:
Data Sources and Methodology
This transparency report for African American Heritage Society Museum is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.