Childrens Museum of Alamance County Inc

Analysis

Childrens Museum of Alamance County Inc is a registered charity in United States, based in Graham, NC. It received its IRS tax-exemption ruling in March 2008, 18 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, Childrens Museum of Alamance County Inc reported income of $381k and spending of $490k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $440k to $381k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum of Alamance County Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Virginia Space Flight Academy ($381k), Patriotic Productions Inc ($381k) and Camerata Virtuosi of New Jersey Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 54% of the total. Other salaries and wages came to $262k. At year end it held assets of $3.6m against liabilities of $12k, net assets of $3.6m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.