The Great Lakes Childrens Museum

Analysis

The Great Lakes Childrens Museum is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in February 2000, 26 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 Great Lakes Childrens Museum reported income of $431k and spending of $524k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $488k to $431k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 105% 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 Great Lakes Childrens Museum sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Backhaus Dance ($431k), Rappahannock Art League Inc Doug Mock Executive Director ($431k) and Grand Piano Series Inc ($431k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 73% of the total. Other salaries and wages came to $254k. At year end it held assets of $154k against liabilities of $93k, net assets of $61k. It reported 9 employees.