The Childrens Museum in Oak Lawn

Analysis

The Childrens Museum in Oak Lawn is a registered charity in United States, based in Oak Lawn, IL. It received its IRS tax-exemption ruling in August 2001, 25 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, The Childrens Museum in Oak Lawn reported income of $975k and spending of $932k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $704k to $975k (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 171%. Over the whole period it spent 100% 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 Childrens Museum in Oak Lawn sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Association for Women in Mathematics Inc ($974k), Claude McNeals Musical Theatre Training Program Inc ($975k) and Inuit Circumpolar Council-Alaska ($974k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 66% of the total. Other salaries and wages came to $416k. At year end it held assets of $2.8m against liabilities of $70k, net assets of $2.7m. It reported 34 employees.