Childrens Discovery Museum

Analysis

Childrens Discovery Museum is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in September 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Childrens Discovery Museum reported income of $481k and spending of $414k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $481k (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Discovery Museum sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ME. Charities of a similar size with the same main cause include Hanover Tavern Foundation ($481k), Global Writes Inc ($481k) and Washington County Historical Society Foundation Inc ($480k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $45k (11% of expenses). Other salaries and wages came to $49k. At year end it held assets of $777k against liabilities of $678k, net assets of $99k. It reported 5 employees.