Iowa Childrens Museum

Analysis

Iowa Childrens Museum is a registered charity in United States, based in Coralville, IA. It received its IRS tax-exemption ruling in December 1996, 30 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 2024, Iowa Childrens Museum reported income of $1.8m and spending of $2.1m, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iowa Childrens Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within IA. Charities of a similar size with the same main cause include Friends of Fast ($1.8m), Chemung County Performing Arts Inc ($1.8m) and Canterbury Shaker Village Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 40% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $141k (6.7% of expenses). Other salaries and wages came to $945k. At year end it held assets of $4.5m against liabilities of $413k, net assets of $4.1m. It reported 77 employees.