North Carolina Childrens Museum

Analysis

North Carolina Childrens Museum is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in February 2005, 21 years ago. 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, North Carolina Childrens Museum reported income of $2.8m and spending of $1.3m, leaving 52% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $751k to $2.8m (+267%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Childrens Museum sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include The Trustees of the Ladew Topiary Gardens Inc ($2.8m), Northeast Community Fund ($2.8m) and Preachers Aid Society of New England ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $145k (11% of expenses). Other salaries and wages came to $652k. At year end it held assets of $1.9m against liabilities of $329k, net assets of $1.6m. It reported 61 employees.