Northeast Texas Childrens Museum

Analysis

Northeast Texas Childrens Museum is a registered charity in United States, based in Commerce, TX. It received its IRS tax-exemption ruling in July 1997, 29 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, Northeast Texas Childrens Museum reported income of $488k and spending of $386k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $420k to $488k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northeast Texas Childrens Museum sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Stumptown Stages ($488k), Art Theatre of Long Beach ($488k) and Patuxent River Naval Air Museum Association Inc ($488k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $67k (17% of expenses). Other salaries and wages came to $87k. At year end it held assets of $1.5m against liabilities of $3,416, net assets of $1.5m. It reported 24 employees.