Grand Rapids Childrens Museum

Analysis

Grand Rapids Childrens Museum is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1993, 33 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 September 2023, Grand Rapids Childrens Museum reported income of $2.2m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $2.2m (-34%), an average of -9.7% a year. The sharpest change came in the year to September 2022, when income rose by 121%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grand Rapids Childrens Museum sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Powers Music School Inc ($2.2m), Charles F Chapman School of Seamanship Inc ($2.2m) and Eastside Arts Alliance ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $253k (11% of expenses). Other salaries and wages came to $811k. At year end it held assets of $3.0m against liabilities of $545k, net assets of $2.4m. It reported 42 employees.