Childrens Museum of Pittsburgh

Analysis

Childrens Museum of Pittsburgh is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1982, 44 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 Pittsburgh reported income of $8.3m and spending of $11.0m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $14.0m to $8.3m (-40%), an average of -12% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 92% 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 Pittsburgh sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Alabama Educational Television Foundation Authority ($8.3m), Institute of Transportation Engineers Inc ($8.3m) and Ohio Aerospace Institute ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $420k (3.8% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $36.7m against liabilities of $15.4m, net assets of $21.3m. It reported 157 employees.