The Coastal Childrens Museum

Analysis

The Coastal Childrens Museum is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, The Coastal Childrens Museum reported income of $143k and spending of $86k, leaving 40% of income unspent that year. Across the 3 years on record, from March 2020 to March 2023, income grew from $98k to $143k (+46%), an average of +21% a year. The sharpest change came in the year to March 2023, when income rose by 84%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Coastal Childrens Museum sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 39th percentile within ME. Charities of a similar size with the same main cause include Cops Connecting with Kids ($143k), Concord Rescue Squad ($143k) and Lucy Robbins Welles Library Inc ($143k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $46k. At year end it held assets of $254k against liabilities of $51k, net assets of $203k. It reported 6 employees.