Kidsplay Childrens Museum Inc

Analysis

Kidsplay Childrens Museum Inc is a registered charity in United States, based in Torrington, CT. It received its IRS tax-exemption ruling in June 2013, 13 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, Kidsplay Childrens Museum Inc reported income of $1.2m and spending of $1.0m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kidsplay Childrens Museum Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CT. Charities of a similar size with the same main cause include Trash Mountain Project Inc ($1.2m), Arts Mid-Hudson Inc ($1.2m) and America Succeeds ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $128k (12% of expenses). Other salaries and wages came to $466k. At year end it held assets of $2.9m against liabilities of $777k, net assets of $2.1m. It reported 23 employees.