Sandcastles a Lake Michigan Childrens Museum Inc

Analysis

Sandcastles a Lake Michigan Childrens Museum Inc is a registered charity in United States, based in Ludington, MI. It received its IRS tax-exemption ruling in July 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 2023, Sandcastles a Lake Michigan Childrens Museum Inc reported income of $296k and spending of $290k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $296k (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 139%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sandcastles a Lake Michigan Childrens Museum Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Timeless Gifts ($296k), Collins Theatre Foundation Inc ($296k) and Brewery Collectibles Club of America Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $62k (21% of expenses). Other salaries and wages came to $97k. At year end it held assets of $856k against liabilities of $4,532, net assets of $852k. It reported 13 employees.