Explorium Denton Childrens Museum

Analysis

Explorium Denton Childrens Museum is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Explorium Denton Childrens Museum reported income of $320k and spending of $357k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $320k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Explorium Denton Childrens Museum sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Delaware County By5-Early Childhood Education Initiative Inc ($320k), Lansing Community Library ($320k) and Limitless Vistas Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $40k (11% of expenses). Other salaries and wages came to $122k. At year end it held assets of $156k against liabilities of $0, net assets of $156k. It reported 23 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.