Medicine Park Museum of Natural Science Inc

Analysis

Medicine Park Museum of Natural Science Inc is a registered charity in United States, based in Medicine Park, OK. It received its IRS tax-exemption ruling in February 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medicine Park Museum of Natural Science Inc reported income of $742k and spending of $795k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $742k (+47%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Medicine Park Museum of Natural Science Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OK. Charities of a similar size with the same main cause include The Dance Exchange Inc ($742k), 4youandme ($742k) and Timothy M Draper Center for Dance Education Inc ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $40k (5.0% of expenses). Other salaries and wages came to $387k. At year end it held assets of $1.4m against liabilities of $585k, net assets of $856k. It reported 64 employees.