Newtown Childrens Museum Inc

Analysis

Newtown Childrens Museum Inc is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in February 2012, 14 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 December 2023, Newtown Childrens Museum Inc reported income of $617k and spending of $594k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $617k (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newtown Childrens Museum Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Historic Natchez Foundation ($617k), Friends of the Ramsey County Libraries ($617k) and Archives for Research in Archetypal Symbolism Inc ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 51% of the total. Other salaries and wages came to $185k. It paid $17k in professional fundraising fees. At year end it held assets of $900k against liabilities of $548k, net assets of $352k. It reported 20 employees.