Blacksburg Childrens Museum

Analysis

Blacksburg Childrens Museum is a registered charity in United States, based in Christiansburg, VA. It received its IRS tax-exemption ruling in September 2010, 16 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, Blacksburg Childrens Museum reported income of $232k and spending of $303k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $617k to $232k (-62%), an average of -22% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. 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, Blacksburg Childrens Museum sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Cambridge Art Association ($232k), Elower-Sicilia Productions Performing Company ($232k) and Familia Communications Group Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). At year end it held assets of $366k against liabilities of $72k, net assets of $293k. It reported 21 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.