Harrison Museum Of African American Culture
EIN: 521417831 · Roanoke, VA · NTEE: A500
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $233K |
| Net Assets | $432K |
Is Harrison Museum Of African American Culture Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harrison Museum Of African American Culture
Harrison Museum Of African American Culture (EIN: 521417831) is a nonprofit organization based in Roanoke, VA, classified under NTEE code A500. The organization reported total revenue of $250K and total assets of $469K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrison Museum Of African American Culture's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harrison Museum Of African American Culture is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $362K |
| Total Expenses | $233K |
| Surplus / Deficit | +$128K |
| Total Assets | $561K |
| Total Liabilities | $129K |
| Net Assets | $432K |
| Operating Margin | 35.5% |
| Debt-to-Asset Ratio | 23.1% |
| Months of Reserves | 28.9 months |
Financial Health Grade: A
In 2023, Harrison Museum Of African American Culture reported a surplus of $128K with revenue exceeding expenses, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 23.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Harrison Museum Of African American Culture's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +93.9% | +32.4% | +29.6% |
| 2022 | -7.6% | +6.8% | +41.6% |
| 2021 | +64.0% | +6.3% | +14.8% |
| 2020 | -15.6% | +1.7% | -13.5% |
| 2019 | -25.5% | -7.0% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Harrison Museum Of African American Culture 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 Harrison Museum Of African American Culture 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 surplus of $128K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.1%.
Frequently Asked Questions about Harrison Museum Of African American Culture
Is Harrison Museum Of African American Culture a legitimate charity?
Based on AI analysis of IRS 990 filings, Harrison Museum Of African American Culture (EIN: 521417831) insufficient data. 0 red flags identified, 0 strengths noted.
How does Harrison Museum Of African American Culture spend its money?
Detailed spending breakdown data is not yet available for Harrison Museum Of African American Culture. Check back for updated IRS 990 analysis.
Are donations to Harrison Museum Of African American Culture tax-deductible?
Harrison Museum Of African American Culture is registered as a tax-exempt nonprofit (EIN: 521417831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Harrison Museum Of African American Culture located?
Harrison Museum Of African American Culture is headquartered in Roanoke, Virginia and files with the IRS under EIN 521417831. It is classified under NTEE code A500.
How many years of IRS 990 filings does Harrison Museum Of African American Culture have?
Harrison Museum Of African American Culture has 13 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 $250K in total revenue.
Filing History
IRS 990 filing history for Harrison Museum Of African American Culture showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Harrison Museum Of African American Culture's revenue has grown by 613.9%, moving from $51K to $362K. Total assets increased by 540.1% over the same period, from $88K to $561K. Total functional expenses rose by 643.8%, from $31K to $233K. In its most recent filing year (2023), Harrison Museum Of African American Culture reported a surplus of $128K, with revenue exceeding expenses. The organization holds $129K in liabilities against $561K in assets (debt-to-asset ratio: 23.1%), resulting in net assets of $432K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $362K | $233K | $561K | $129K | — | — |
| 2022 | $187K | $176K | $433K | $129K | — | View 990 |
| 2021 | $202K | $165K | $306K | $12K | — | — |
| 2020 | $123K | $155K | $266K | $10K | — | — |
| 2019 | $146K | $153K | $308K | $19K | — | View 990 |
| 2018 | $196K | $164K | $319K | $23K | — | View 990 |
| 2017 | $161K | $177K | $292K | $28K | — | View 990 |
| 2016 | $307K | $171K | $313K | $33K | — | View 990 |
| 2015 | $171K | $165K | $180K | $36K | — | View 990 |
| 2014 | $212K | $191K | $179K | $41K | — | View 990 |
| 2013 | $211K | $178K | $163K | $46K | — | View 990 |
| 2012 | $58K | $34K | $134K | $50K | — | View 990 |
| 2011 | $51K | $31K | $88K | $63K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $362K, expenses of $233K, and assets of $561K (revenue +93.9% year-over-year).
- 2022: Revenue of $187K, expenses of $176K, and assets of $433K (revenue -7.6% year-over-year).
- 2021: Revenue of $202K, expenses of $165K, and assets of $306K (revenue +64.0% year-over-year).
- 2020: Revenue of $123K, expenses of $155K, and assets of $266K (revenue -15.6% year-over-year).
- 2019: Revenue of $146K, expenses of $153K, and assets of $308K (revenue -25.5% year-over-year).
- 2018: Revenue of $196K, expenses of $164K, and assets of $319K (revenue +21.5% year-over-year).
- 2017: Revenue of $161K, expenses of $177K, and assets of $292K (revenue -47.4% year-over-year).
- 2016: Revenue of $307K, expenses of $171K, and assets of $313K (revenue +79.4% year-over-year).
- 2015: Revenue of $171K, expenses of $165K, and assets of $180K (revenue -19.3% year-over-year).
- 2014: Revenue of $212K, expenses of $191K, and assets of $179K (revenue +0.7% year-over-year).
- 2013: Revenue of $211K, expenses of $178K, and assets of $163K (revenue +264.1% year-over-year).
- 2012: Revenue of $58K, expenses of $34K, and assets of $134K (revenue +14.1% year-over-year).
- 2011: Revenue of $51K, expenses of $31K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harrison Museum Of African American Culture:
Data Sources and Methodology
This transparency report for Harrison Museum Of African American Culture 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.