Madison Childrens Museum Foundation Inc

Analysis

Madison Childrens Museum Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 2003, 23 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Madison Childrens Museum Foundation Inc reported income of $4.7m and spending of $2.8m, leaving 40% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.9m to $4.7m (-4.3%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income rose by 65%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Madison Childrens Museum Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Ocean Reef Cultural Center Inc ($4.7m), Bristol Riverside Theater Co Inc ($4.7m) and Toledo Science Center ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $4.2m against liabilities of $696k, net assets of $3.6m.