Childrens Museum of Indianapolis Incorporated

Analysis

Childrens Museum of Indianapolis Incorporated is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1952, 74 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 Indianapolis Incorporated reported income of $49.8m and spending of $51.0m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.3m to $49.8m (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 109% 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 Indianapolis Incorporated sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include Southern Research Institute ($49.8m), Buck Institute for Research on Aging ($50.4m) and National Cable Satellite Corporation ($49.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $885k (1.7% of expenses). Other salaries and wages came to $18.9m. At year end it held assets of $459.5m against liabilities of $56.4m, net assets of $403.1m. It reported 460 employees.