Mid-America Science Museum

Analysis

Mid-America Science Museum is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in November 2005, 21 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, Mid-America Science Museum reported income of $2.6m and spending of $2.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 278%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mid-America Science Museum sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AR. Charities of a similar size with the same main cause include The Bascom Corporation ($2.6m), Circus Center ($2.6m) and Academy Center of the Arts Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $165k (6.6% of expenses). Other salaries and wages came to $717k. At year end it held assets of $8.2m against liabilities of $90k, net assets of $8.1m. It reported 39 employees.