Childrens Museum of Northwestarkansas

Analysis

Childrens Museum of Northwestarkansas is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in June 2006, 20 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 June 2023, Childrens Museum of Northwestarkansas reported income of $20.4m and spending of $5.8m, leaving 72% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $20.4m (+736%), an average of +70% a year. The sharpest change came in the year to June 2023, when income rose by 308%. Over the whole period it spent 72% 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 Northwestarkansas sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within AR. Charities of a similar size with the same main cause include Tuacahn Center for the Arts ($20.4m), The Tivoli Theatre Foundation Inc ($20.5m) and Virginia Tech Applied Research Corporation ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $190k (3.3% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $37.4m against liabilities of $750k, net assets of $36.6m. It reported 136 employees.