Akron Childrens Museum

Analysis

Akron Childrens Museum is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in May 2014, 12 years ago. 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, Akron Childrens Museum reported income of $764k and spending of $713k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $764k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Akron Childrens Museum sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Cooperating Ministry of Logan County ($764k), Charisma Academy I Inc ($764k) and Wetherill School ($764k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $112k (16% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.3m against liabilities of $91k, net assets of $1.3m. It reported 25 employees.