Chicago Childrens Museum

Analysis

Chicago Childrens Museum is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1982, 44 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, Chicago Childrens Museum reported income of $8.1m and spending of $7.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $8.1m (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chicago Childrens Museum sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Center for Open Science ($8.1m), Greater Cincinnati Television Educational Foundation ($8.1m) and Far Ai Inc ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $297k (3.9% of expenses). Other salaries and wages came to $3.2m. It paid $87k in professional fundraising fees. At year end it held assets of $16.8m against liabilities of $6.9m, net assets of $9.9m. It reported 107 employees.