Fairbanks Childrens Museum

Analysis

Fairbanks Childrens Museum is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in July 2011, 15 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, Fairbanks Childrens Museum reported income of $697k and spending of $631k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $697k (+64%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 47%. 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, Fairbanks Childrens Museum sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within AK. Charities of a similar size with the same main cause include Grow Home Inc ($697k), Heartbeat Denver Incorporated ($697k) and Central California Art League Inc ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $62k (9.8% of expenses). Other salaries and wages came to $278k. At year end it held assets of $497k against liabilities of $21k, net assets of $476k. It reported 19 employees.