Kids Discovery Museum

Analysis

Kids Discovery Museum is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in July 2003, 23 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, Kids Discovery Museum reported income of $566k and spending of $627k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $358k to $566k (+58%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kids Discovery Museum sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Bunnell Street Arts Center ($566k), Ok Mozart Inc ($566k) and Factory Two Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $85k (14% of expenses). Other salaries and wages came to $219k. At year end it held assets of $1.8m against liabilities of $32k, net assets of $1.8m. It reported 35 employees.