Connecticut Childrens Museum

Analysis

Connecticut Childrens Museum is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in February 1974, 52 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 August 2023, Connecticut Childrens Museum reported income of $1.8m and spending of $825k, leaving 55% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $793k to $1.8m (+131%), an average of +23% a year. The sharpest change came in the year to August 2023, when income rose by 122%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connecticut Childrens Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Ocean Discovery League Inc ($1.8m), Create in Chinatown Inc ($1.8m) and Boulder Museum of Contemporary Art ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 30% of the total. Other salaries and wages came to $522k. At year end it held assets of $2.0m against liabilities of $149k, net assets of $1.8m. It reported 25 employees.