Childrens Museum of Siouxland Inc

Analysis

Childrens Museum of Siouxland Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in December 2016, 10 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, Childrens Museum of Siouxland Inc reported income of $582k and spending of $796k, spending 137% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $420k to $582k (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 138% 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 Siouxland Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within IA. Charities of a similar size with the same main cause include Norwegian-American Historical Association ($582k), Youth Orchestras of Fresno ($582k) and Access Humboldt ($582k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.3% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $66k (8.3% of expenses). Other salaries and wages came to $250k. At year end it held assets of $5.1m against liabilities of $179k, net assets of $4.9m. It reported 25 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.