Wonderlab-Museum of Science Health & Technology Inc

Analysis

Wonderlab-Museum of Science Health & Technology Inc is a registered charity in United States, based in Bloomington, 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 October 2023, Wonderlab-Museum of Science Health & Technology Inc reported income of $1.8m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.2m to $1.8m (+41%), an average of +9.0% a year. The sharpest change came in the year to October 2023, when income rose by 81%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wonderlab-Museum of Science Health & Technology Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include New York Youth Symphony Inc ($1.8m), Narrows Center for the Arts Inc ($1.8m) and Museum of Wisconsin Art Inc ($1.8m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 58% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $39k (2.5% of expenses). Other salaries and wages came to $815k. At year end it held assets of $4.4m against liabilities of $1.3m, net assets of $3.1m. It reported 52 employees.