Childrens Museum of Oswego

Analysis

Childrens Museum of Oswego is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in September 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 (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, Childrens Museum of Oswego reported income of $543k and spending of $569k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $543k (+175%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 419%. Over the whole period it spent 118% 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 Oswego sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Now Initiative ($543k), Thingamajig Theatre Company ($543k) and Kulintang Arts Inc ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $37k (6.5% of expenses). Other salaries and wages came to $171k. At year end it held assets of $2.7m against liabilities of $2.7m, net assets of $7,071. It reported 38 employees.