International African American Museum
International African American Museum shows strong asset growth and zero reported officer compensation amidst significant operational expenses post-opening.
EIN: 203398254 · Charleston, SC · NTEE: A50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $14.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $73.5 |
| Net Assets | $55.0M |
| Transparency Score | 90/100 |
Is International African American Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
International African American Museum directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About International African American Museum
International African American Museum (EIN: 203398254) is a nonprofit organization based in Charleston, SC, classified under NTEE code A50. The organization reported total revenue of $11.2M and total assets of $73.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International African American Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International African American Museum is a large nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $14.1M |
| Surplus / Deficit | $-6,653,667 |
| Total Assets | $73.6M |
| Total Liabilities | $18.6M |
| Net Assets | $55.0M |
| Operating Margin | -89.8% |
| Debt-to-Asset Ratio | 25.3% |
| Months of Reserves | 62.8 months |
Financial Health Grade: B
In 2023, International African American Museum reported a deficit of $6.7M with expenses exceeding revenue, holds 62.8 months of operating reserves (strong position), has a debt-to-asset ratio of 25.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), International African American Museum's revenue has grown at a compound annual growth rate (CAGR) of 19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.9% | -26.5% | +15.1% |
| 2022 | -59.8% | +221.1% | -8.6% |
| 2021 | +418.7% | +17.7% | +52.6% |
| 2020 | -69.4% | +181.0% | +2.9% |
| 2019 | +26.1% | -61.6% | +60.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 International African American Museum with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, International African American Museum allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $6.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.3%.
Executive Compensation Analysis
The International African American Museum consistently reports 0% officer compensation across all 13 filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size and asset base ($73.5 million).
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 International African American Museum's IRS 990 filings:
- Significant increase in liabilities in 2023 ($18,597,407) compared to previous years, requiring further clarification.
- Expenses ($14,059,329) significantly exceeded revenue ($7,405,662) in the 2023 fiscal period, indicating an operational deficit.
Strengths
The following positive indicators were identified for International African American Museum:
- Strong asset growth, reaching $73,547,323, demonstrating successful capital campaigns and financial management for establishment.
- Consistent reporting of 0% officer compensation across all filings, suggesting high efficiency in executive remuneration or volunteer leadership.
- Long and consistent filing history (13 filings), indicating good compliance and transparency.
- Substantial revenue generation in prior years (e.g., $29,654,302 in 2021) to build the museum's foundation.
Frequently Asked Questions about International African American Museum
Is International African American Museum a legitimate charity?
Based on AI analysis of IRS 990 filings, International African American Museum (EIN: 203398254) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does International African American Museum spend its money?
International African American Museum directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to International African American Museum tax-deductible?
International African American Museum is registered as a tax-exempt nonprofit (EIN: 203398254). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the International African American Museum CEO make?
International African American Museum's highest-compensated officer earns $73.5 annually. The organization reported $11.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of International African American Museum's spending goes to programs?
International African American Museum directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does International African American Museum compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), International African American Museum is above average for NTEE category A50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is International African American Museum located?
International African American Museum is headquartered in Charleston, South Carolina and files with the IRS under EIN 203398254. It is classified under NTEE code A50.
How many years of IRS 990 filings does International African American Museum have?
International African American Museum 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 $11.2M in total revenue.
How does the International African American Museum plan to sustain its operations given the 2023 deficit where expenses ($14,059,329) significantly exceeded revenue ($7,405,662)?
The 2023 deficit likely reflects the initial operational costs and investments following the museum's opening in June 2023. Future filings will need to show a strategy for increasing recurring revenue streams (e.g., admissions, memberships, grants) to cover ongoing expenses and achieve financial sustainability.
What is the nature of the significant increase in liabilities from $2,293,471 in 2022 to $18,597,407 in 2023?
This substantial increase in liabilities could be related to financing for the museum's construction, exhibits, or initial operational setup. Further investigation into the specific types of liabilities (e.g., bonds, loans, payables) would provide clarity on the organization's debt structure.
How does the International African American Museum manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's executive leadership may be entirely volunteer-driven, or that compensation for key management personnel is categorized differently within the IRS 990, such as under general salaries and wages rather than specific officer compensation fields. This practice, while seemingly efficient, warrants further detail for full transparency.
Filing History
IRS 990 filing history for International African American Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International African American Museum's revenue has grown by 720.1%, moving from $903K to $7.4M. Total assets increased by 73691% over the same period, from $100K to $73.6M. Total functional expenses rose by 2227.3%, from $604K to $14.1M. In its most recent filing year (2023), International African American Museum reported a deficit of $6.7M, with expenses exceeding revenue. The organization holds $18.6M in liabilities against $73.6M in assets (debt-to-asset ratio: 25.3%), resulting in net assets of $55.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $14.1M | $73.6M | $18.6M | — | — |
| 2022 | $11.9M | $19.1M | $63.9M | $2.3M | — | — |
| 2021 | $29.7M | $6.0M | $69.9M | $1.1M | — | View 990 |
| 2020 | $5.7M | $5.1M | $45.8M | $662K | — | View 990 |
| 2019 | $18.7M | $1.8M | $44.5M | $255K | — | View 990 |
| 2018 | $14.8M | $4.7M | $27.7M | $366K | — | View 990 |
| 2017 | $16.6M | $1.5M | $21.9M | $4.7M | — | — |
| 2016 | $2.6M | $575K | $5.9M | $22K | — | View 990 |
| 2015 | $3.7M | $201K | $3.9M | $7K | — | View 990 |
| 2014 | $396K | $172K | $392K | $15K | — | View 990 |
| 2013 | $193K | $99K | $182K | $12K | — | View 990 |
| 2012 | $206K | $423K | $90K | $14K | — | View 990 |
| 2011 | $903K | $604K | $100K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $14.1M, and assets of $73.6M (revenue -37.9% year-over-year).
- 2022: Revenue of $11.9M, expenses of $19.1M, and assets of $63.9M (revenue -59.8% year-over-year).
- 2021: Revenue of $29.7M, expenses of $6.0M, and assets of $69.9M (revenue +418.7% year-over-year).
- 2020: Revenue of $5.7M, expenses of $5.1M, and assets of $45.8M (revenue -69.4% year-over-year).
- 2019: Revenue of $18.7M, expenses of $1.8M, and assets of $44.5M (revenue +26.1% year-over-year).
- 2018: Revenue of $14.8M, expenses of $4.7M, and assets of $27.7M (revenue -10.8% year-over-year).
- 2017: Revenue of $16.6M, expenses of $1.5M, and assets of $21.9M (revenue +539.7% year-over-year).
- 2016: Revenue of $2.6M, expenses of $575K, and assets of $5.9M (revenue -29.5% year-over-year).
- 2015: Revenue of $3.7M, expenses of $201K, and assets of $3.9M (revenue +830.4% year-over-year).
- 2014: Revenue of $396K, expenses of $172K, and assets of $392K (revenue +105.5% year-over-year).
- 2013: Revenue of $193K, expenses of $99K, and assets of $182K (revenue -6.5% year-over-year).
- 2012: Revenue of $206K, expenses of $423K, and assets of $90K (revenue -77.1% year-over-year).
- 2011: Revenue of $903K, expenses of $604K, and assets of $100K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International African American Museum:
Data Sources and Methodology
This transparency report for International African American 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.