Frankfort Childrens Museum NFP

Analysis

Frankfort Childrens Museum NFP is a registered charity in United States, based in New Lenox, IL. It received its IRS tax-exemption ruling in October 2007, 19 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, Frankfort Childrens Museum NFP reported income of $499k and spending of $403k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $307k to $499k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Frankfort Childrens Museum NFP sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Christian Youth Theater Portland Vancouver ($499k), Lilly Awards Foundation Inc ($499k) and Borderless Magazine NFP ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $102k. At year end it held assets of $615k against liabilities of $60k, net assets of $555k. It reported 27 employees.