Childrens Museum Foundation Corp

Analysis

Childrens Museum Foundation Corp is a registered charity in United States, based in Springfield, IL. It received its IRS tax-exemption ruling in April 1995, 31 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, Childrens Museum Foundation Corp reported income of $994k and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $757k to $994k (+31%), an average of +7.1% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 161% 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 Foundation Corp 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 79th percentile within IL. Charities of a similar size with the same main cause include Idaho Heritage Trust Incorporated ($994k), Hammond Blessed 25th ($995k) and Salina Community Theatre Inc ($994k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $115k (9.7% of expenses). At year end it held assets of $4.2m against liabilities of $1.9m, net assets of $2.3m. It reported 30 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.