Childrens Museum of Southeastern Connecticut Inc

Analysis

Childrens Museum of Southeastern Connecticut Inc is a registered charity in United States, based in Niantic, CT. It received its IRS tax-exemption ruling in March 1997, 29 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 September 2023, Childrens Museum of Southeastern Connecticut Inc reported income of $775k and spending of $472k, leaving 39% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $427k to $775k (+82%), an average of +16% a year. The sharpest change came in the year to September 2023, when income rose by 41%. Over the whole period it spent 75% 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 Museum of Southeastern Connecticut Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Open Environmental Data Inc ($775k), The Womans Exchange ($775k) and Colab ($775k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 46% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $62k (13% of expenses). Other salaries and wages came to $162k. At year end it held assets of $1.2m against liabilities of $335k, net assets of $860k. It reported 5 employees.