Muncie Childrens Museum Inc

Analysis

Muncie Childrens Museum Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in August 1977, 49 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, Muncie Childrens Museum Inc reported income of $943k and spending of $1.1m, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $372k to $943k (+153%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 124%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Muncie Childrens Museum Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include GRSP Foundation ($941k), Bethany Arts Community Inc ($943k) and Taos School of Music Incorporated ($941k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 16% of the total. Other salaries and wages came to $239k. At year end it held assets of $3.3m against liabilities of $25k, net assets of $3.3m. It reported 31 employees.