Galveston Childrens Museum

Analysis

Galveston Childrens Museum is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in June 2014, 12 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, Galveston Childrens Museum reported income of $459k and spending of $435k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $363k to $459k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Galveston Childrens Museum sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Ventfort Hall Association Inc ($459k), Zig Software Foundation Inc ($459k) and Glass Art Kalamazoo Inc ($459k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $61k (14% of expenses). Other salaries and wages came to $159k. At year end it held assets of $260k against liabilities of $12k, net assets of $248k. It reported 17 employees.