Providence Childrens Museum

Analysis

Providence Childrens Museum is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Providence Childrens Museum reported income of $3.3m and spending of $3.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.3m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Providence Childrens Museum sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within RI. Charities of a similar size with the same main cause include Opera Parallele ($3.3m), Northern California Center for the Arts ($3.3m) and Evergreen Aviation and Space Museum and the Captain Michael King Smith ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 30% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.4m against liabilities of $482k, net assets of $2.9m. It reported 55 employees.