Childrens Museum of Oak Ridge

Analysis

Childrens Museum of Oak Ridge is a registered charity in United States, based in Oak Ridge, TN. It received its IRS tax-exemption ruling in June 1976, 50 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, Childrens Museum of Oak Ridge reported income of $870k and spending of $671k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $481k to $870k (+81%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 91% 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 Oak Ridge sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Canton Palace Theater Association ($870k), Monmouth County Arts Council Inc ($870k) and Good News Radio Inc ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). Other salaries and wages came to $268k. At year end it held assets of $1.7m against liabilities of $148k, net assets of $1.5m. It reported 25 employees.