Kohl Childrens Museum of Greater Chicago Inc

Analysis

Kohl Childrens Museum of Greater Chicago Inc is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in November 1994, 32 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 2024, Kohl Childrens Museum of Greater Chicago Inc reported income of $5.1m and spending of $5.4m, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $6.9m to $5.1m (-26%), an average of -5.9% a year. The sharpest change came in the year to June 2022, when income rose by 100%. 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, Kohl Childrens Museum of Greater Chicago Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include McA Denver ($5.1m), Downtown Community Television Center Inc ($5.1m) and Smoky Hill Public Television Corp ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $405k (7.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $18.6m against liabilities of $1.5m, net assets of $17.1m. It reported 122 employees.