Bronzeville Childrens Museum

Analysis

Bronzeville Childrens Museum is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 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 December 2023, Bronzeville Childrens Museum reported income of $112k and spending of $137k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $144k to $112k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 126% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bronzeville Childrens Museum sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Bernardston-Northfield Community Television Inc ($112k), Haleiwa Arts Festival ($112k) and Jabberwocky Studios ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $9,000 (6.6% of expenses). At year end it held assets of $1.6m against liabilities of -$419, net assets of $1.6m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.