Childrens Museum of Jacksonville

Analysis

Childrens Museum of Jacksonville is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in May 2008, 18 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, Childrens Museum of Jacksonville reported income of $520k and spending of $488k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $520k (+167%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 201%. 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, Childrens Museum of Jacksonville sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Legacy of the Plains ($520k), Noblesville Creates ($520k) and North Andover Community Access and Media Inc ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $59k (12% of expenses). Other salaries and wages came to $113k. At year end it held assets of $804k against liabilities of $112k, net assets of $692k. It reported 19 employees.