The Black History Museum and Cultural Center Inc
Only null% goes to programs Strong reserves Declining revenue
The Black History Museum and Cultural Center Inc is a 501(c)(3) organization based in Richmond, Virginia, registered in 1985, with $1,530,445 in FY2023 revenue. CharityIndex grades it B.
122 W Leigh St, Richmond, VA, 23220 EIN 52-1354117 Since 1985
Revenue (FY2023)
$1.5M
▲ 9.4% vs prior year
Arts & Culture median: $159K
Expenses (FY2023)
$1.6M
Net assets
$4.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Black History Museum and Cultural Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating32 mo reserves · -6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Black History Museum and Cultural Center Inc: 32 mo reserves · -6% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Black History Museum and Cultural Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Black History Museum and Cultural Center Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 122 W Leigh St, Richmond, VA, 23220
- City
- Richmond
- State
- Virginia
- Category
- Arts, Culture & Humanities
- Subcategory
- Museums
- Website
- …
Financial trends
Revenue grew from $811K (FY2014) to $1.5M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $2.6MNet assets $4.3M
Operating margin
-5.9%
Spent more than it raised in the latest fiscal year.
Total assets
$6.9M
Total liabilities
$2.6M
Net assets
$4.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,530,445▲9.4% | $1,621,428▲0.1% | $4,325,701▼11.6% | $6,945,204▼16.3% | 990 |
| 2022 | $1,399,102▲87.6% | $1,620,292▲12.8% | $4,891,684▼4.3% | $8,298,006▼2.1% | 990 |
| 2021 | $745,690▼62.8% | $1,435,965▲100% | $5,112,874▼11.8% | $8,478,867▲27.9% | 990 |
| 2020 | $2,004,991▼2.6% | $717,206▼7.3% | $5,798,772▲21.4% | $6,627,328▲16.8% | 990 |
| 2019 | $2,058,655▲194% | $773,355▲14.7% | $4,778,371▲37.2% | $5,674,981▲29.1% | 990 |
| 2018 | $699,165▲28.8% | $673,965▲10.9% | $3,483,047▲0.7% | $4,395,008▲0.1% | 990 |
| 2017 | $542,624▲19.1% | $607,733▼6.8% | $3,457,847▼2.3% | $4,391,993▼5.7% | 990 |
| 2016 | $455,721▼43.8% | $652,068▲250% | $3,537,831▲29.5% | $4,659,524▲70.5% | 990 |
| 2014 | $810,630 | $186,249 | $2,732,917 | $2,732,917 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $851K total
17 grants to The Black History Museum and Cultural Center Inc totaling $851K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation Inc | Educational success | 2024 | $126,400 |
| American Online Giving Foundation Inc | General support | 2024 | $6,240 |
| The Community Foundation Inc | Educational success | 2023 | $128,274 |
| The Community Foundation Inc | Educational success | 2022 | $91,867 |
| Network For Good Inc | Unrestricted | 2022 | $7,680 |
| The Community Foundation Inc | General purposes | 2021 | $69,350 |
| Network For Good Inc | Unrestricted | 2021 | $61,621 |
| The Community Foundation Inc | General operating support; create a virtual soul santa experience for children including a short video and an opportunity for children to have a picture taken with santa. rcmc requests that the short video have an education component for the kids; the creation and development of a new video series and supporting curriculum, black history beyond the blackboard, a part of the black history museum's educational programming especially for students; the development & implementation of black history virtual learning opportunities for students with focus on african american youth and students of richmond public schools. | 2020 | $162,000 |
| Network For Good Inc | Unrestricted | 2020 | $11,016 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2020 | $7,250 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2020 | $7,250 |
| The Community Foundation Inc | Expanded programming; 2019 bhmva holiday happenings featuring soul santa!; hands on history; annual fund | 2019 | $36,500 |
| The Chicago Community Trust | General operating support | 2019 | $5,200 |
| The Community Foundation Inc | Hands on history | 2018 | $50,500 |
| The Community Foundation Inc | Exhibitions, operating expenses | 2017 | $55,000 |
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Frequently asked questions
- Is The Black History Museum and Cultural Center Inc a legitimate nonprofit?
- Yes. The Black History Museum and Cultural Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-1354117, based in Richmond, Virginia. Donations are tax-deductible.
- What is The Black History Museum and Cultural Center Inc's EIN?
- The Black History Museum and Cultural Center Inc's Employer Identification Number (EIN) is 52-1354117.
- How much revenue does The Black History Museum and Cultural Center Inc report?
- The Black History Museum and Cultural Center Inc reported $1,530,445 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does The Black History Museum and Cultural Center Inc have?
- CharityIndex grades The Black History Museum and Cultural Center Inc B, based on financial health (reserves and operating margin).
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Data for The Black History Museum and Cultural Center Inc (EIN 52-1354117) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.