Childrens Museum of Illinois

Analysis

Childrens Museum of Illinois is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in September 1989, 37 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, Childrens Museum of Illinois reported income of $586k and spending of $817k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $497k to $586k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 178%. Over the whole period it spent 127% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum of Illinois sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Arts Center of Kershaw County Inc ($586k), Historic Fourth Ward School Foundation ($586k) and Robert M Merryman Performing Arts Center ($586k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $72k (8.8% of expenses). Other salaries and wages came to $221k. At year end it held assets of $4.1m against liabilities of $194k, net assets of $3.9m. It reported 34 employees.