The Beaumont Childrens Museum

Analysis

The Beaumont Childrens Museum is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in February 2008, 18 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 2022, The Beaumont Childrens Museum reported income of $844k and spending of $644k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $374k to $844k (+126%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 84% 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 Beaumont Childrens Museum sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Marblehead Museum & Historical Society Inc ($843k), The Museum Store Association Inc ($844k) and Concord Art Association ($843k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $58k (8.9% of expenses). Other salaries and wages came to $217k. At year end it held assets of $543k against liabilities of $15k, net assets of $529k. It reported 39 employees.