George & Leah Mckenna Museum Of African American Art
George & Leah Mckenna Museum maintains stable assets and zero officer compensation despite fluctuating revenues.
EIN: 201080155 · New Orleans, LA · NTEE: A51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $237K |
| Total Expenses | $179K |
| Program Spending | 80% |
| Net Assets | $4.6M |
| Transparency Score | 85/100 |
Is George & Leah Mckenna Museum Of African American Art Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George & Leah Mckenna Museum Of African American Art directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George & Leah Mckenna Museum Of African American Art
George & Leah Mckenna Museum Of African American Art (EIN: 201080155) is a nonprofit organization based in New Orleans, LA, classified under NTEE code A51. The organization reported total revenue of $237K and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George & Leah Mckenna Museum Of African American Art's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George & Leah Mckenna Museum Of African American Art is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $165K |
| Total Expenses | $179K |
| Surplus / Deficit | $-14,714 |
| Total Assets | $4.6M |
| Total Liabilities | $3K |
| Net Assets | $4.6M |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 307.8 months |
Financial Health Grade: B
In 2023, George & Leah Mckenna Museum Of African American Art reported a deficit of $15K with expenses exceeding revenue, holds 307.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), George & Leah Mckenna Museum Of African American Art's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.6% | +7.9% | +0.4% |
| 2022 | -14.9% | +0.4% | -0.1% |
| 2021 | -59.3% | -45.6% | -0.5% |
| 2019 | +123.6% | +119.6% | +0.2% |
| 2018 | +14.1% | +31.0% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates George & Leah Mckenna Museum Of African American Art with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, George & Leah Mckenna Museum Of African American Art allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of George & Leah Mckenna Museum Of African American Art's IRS 990 filings:
- Recent periods show expenses slightly exceeding revenue (e.g., 2023: $179,397 expenses vs. $164,683 revenue), which if sustained, could impact reserves.
Strengths
The following positive indicators were identified for George & Leah Mckenna Museum Of African American Art:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission-focused spending.
- Substantial and growing asset base, from $4,087,178 in 2013 to $4,601,744 in 2023, demonstrating long-term financial stability.
- Very low liabilities across all periods, indicating minimal debt and a healthy balance sheet.
- Long history of IRS 990 filings (12 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about George & Leah Mckenna Museum Of African American Art
Is George & Leah Mckenna Museum Of African American Art a legitimate charity?
George & Leah Mckenna Museum Of African American Art (EIN: 201080155) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $237K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does George & Leah Mckenna Museum Of African American Art spend its money?
George & Leah Mckenna Museum Of African American Art directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to George & Leah Mckenna Museum Of African American Art tax-deductible?
George & Leah Mckenna Museum Of African American Art is registered as a tax-exempt nonprofit (EIN: 201080155). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of George & Leah Mckenna Museum Of African American Art's spending goes to programs?
George & Leah Mckenna Museum Of African American Art directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does George & Leah Mckenna Museum Of African American Art compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), George & Leah Mckenna Museum Of African American Art is above average for NTEE category A51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is George & Leah Mckenna Museum Of African American Art located?
George & Leah Mckenna Museum Of African American Art is headquartered in New Orleans, Louisiana and files with the IRS under EIN 201080155. It is classified under NTEE code A51.
How many years of IRS 990 filings does George & Leah Mckenna Museum Of African American Art have?
George & Leah Mckenna Museum Of African American Art has 12 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 $237K in total revenue.
Is the George & Leah Mckenna Museum Of African American Art a good charity?
Based on the available data, the museum appears to be a good charity. It maintains a stable asset base (over $4.6 million in 2023), consistently reports 0% officer compensation, and generally manages its expenses within its revenue capacity, demonstrating financial prudence.
How has the museum's financial health changed over the past decade?
Over the past decade, the museum's assets have grown from $4,087,178 in 2013 to $4,601,744 in 2023, indicating long-term financial stability and growth. Revenues and expenses have fluctuated year-to-year, but the organization has maintained a healthy balance sheet with low liabilities.
What is the organization's approach to executive compensation?
The organization has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation across all 12 available filings. This means no salaries are paid to officers, directing more funds towards the museum's mission.
Are there any concerns about the museum's liabilities?
No, the museum's liabilities are consistently very low, ranging from $0 to $58,838 across the filings, which is negligible compared to its substantial assets of over $4 million. This indicates a very healthy financial position regarding debt.
How efficient is the museum's spending?
While a detailed breakdown of program vs. administrative spending isn't provided, the consistent 0% officer compensation strongly suggests high efficiency in directing funds away from executive salaries and towards operational and programmatic needs. The overall expense management, generally aligning with revenues, also points to responsible spending.
Filing History
IRS 990 filing history for George & Leah Mckenna Museum Of African American Art showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), George & Leah Mckenna Museum Of African American Art's revenue has grown by 143.2%, moving from $68K to $165K. Total assets increased by 12.6% over the same period, from $4.1M to $4.6M. Total functional expenses rose by 313.1%, from $43K to $179K. In its most recent filing year (2023), George & Leah Mckenna Museum Of African American Art reported a deficit of $15K, with expenses exceeding revenue. The organization holds $3K in liabilities against $4.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $165K | $179K | $4.6M | $3K | — | — |
| 2022 | $107K | $166K | $4.6M | $6K | — | View 990 |
| 2021 | $126K | $166K | $4.6M | $59K | — | View 990 |
| 2019 | $310K | $304K | $4.6M | $2K | — | View 990 |
| 2018 | $138K | $139K | $4.6M | $279 | — | View 990 |
| 2017 | $121K | $106K | $4.6M | $1K | — | View 990 |
| 2016 | $131K | $98K | $4.6M | $0 | — | View 990 |
| 2015 | $69K | $74K | $4.1M | $4K | — | View 990 |
| 2014 | $64K | $70K | $4.1M | $4K | — | View 990 |
| 2013 | $55K | $59K | $4.1M | $4K | — | View 990 |
| 2012 | $55K | $57K | $4.1M | $71K | — | View 990 |
| 2011 | $68K | $43K | $4.1M | $70K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $165K, expenses of $179K, and assets of $4.6M (revenue +53.6% year-over-year).
- 2022: Revenue of $107K, expenses of $166K, and assets of $4.6M (revenue -14.9% year-over-year).
- 2021: Revenue of $126K, expenses of $166K, and assets of $4.6M (revenue -59.3% year-over-year).
- 2019: Revenue of $310K, expenses of $304K, and assets of $4.6M (revenue +123.6% year-over-year).
- 2018: Revenue of $138K, expenses of $139K, and assets of $4.6M (revenue +14.1% year-over-year).
- 2017: Revenue of $121K, expenses of $106K, and assets of $4.6M (revenue -7.1% year-over-year).
- 2016: Revenue of $131K, expenses of $98K, and assets of $4.6M (revenue +89.1% year-over-year).
- 2015: Revenue of $69K, expenses of $74K, and assets of $4.1M (revenue +8.0% year-over-year).
- 2014: Revenue of $64K, expenses of $70K, and assets of $4.1M (revenue +15.3% year-over-year).
- 2013: Revenue of $55K, expenses of $59K, and assets of $4.1M (revenue +1.4% year-over-year).
- 2012: Revenue of $55K, expenses of $57K, and assets of $4.1M (revenue -19.2% year-over-year).
- 2011: Revenue of $68K, expenses of $43K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George & Leah Mckenna Museum Of African American Art:
Data Sources and Methodology
This transparency report for George & Leah Mckenna Museum Of African American Art 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.