The Childrens Museum of Cleveland

Analysis

The Childrens Museum of Cleveland is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1982, 44 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, The Childrens Museum of Cleveland reported income of $3.1m and spending of $2.2m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.1m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Childrens Museum of Cleveland sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Step Afrika U S a Incorporated ($3.1m), Explore & More a Childrens Museum ($3.1m) and Boston Public Art Triennial Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $168k (7.6% of expenses). Other salaries and wages came to $779k. At year end it held assets of $10.1m against liabilities of $474k, net assets of $9.6m. It reported 42 employees.