Minnesota Childrens Museum

Analysis

Minnesota Childrens Museum is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1979, 47 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, Minnesota Childrens Museum reported income of $9.8m and spending of $15.3m, spending 156% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.7m to $9.8m (+27%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Minnesota Childrens Museum sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include South Shore Playhouse Associates Inc ($9.8m), The National Council of Teachers of Mathematics-Incorporated- ($9.8m) and Cullen Trust for the Performing Arts ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $381k (2.5% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $41.4m against liabilities of $2.9m, net assets of $38.5m. It reported 169 employees.