Louis J Koch Family Childrens Museum of Evansville Inc

Analysis

Louis J Koch Family Childrens Museum of Evansville Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, Louis J Koch Family Childrens Museum of Evansville Inc reported income of $1.6m and spending of $1.3m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $826k to $1.6m (+92%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 92%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louis J Koch Family Childrens Museum of Evansville Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include League of Live Stream Theater Inc ($1.6m), Latino Media Collaborative ($1.6m) and The Delaware Childrens Museum Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $79k (6.1% of expenses). Other salaries and wages came to $460k. At year end it held assets of $2.9m against liabilities of $25k, net assets of $2.9m. It reported 36 employees.