National Childrens Museum

Analysis

National Childrens Museum is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1974, 52 years ago. 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 September 2023, National Childrens Museum reported income of $5.1m and spending of $7.1m, spending 139% of what it took in. Across the 6 years on record, from June 2019 to September 2023, income grew from $4.5m to $5.1m (+13%), an average of +2.5% a year. The sharpest change came in the year to September 2020, when income rose by 411%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Childrens Museum sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Trellis ($5.1m), Genesee Area Focus Fund Inc ($5.1m) and Center for Public Policy Priorities ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 38% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $655k (9.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $16.0m against liabilities of $10.8m, net assets of $5.3m. It reported 65 employees.