Fort Bend Childrens Discovery Center LLC

Analysis

Fort Bend Childrens Discovery Center LLC is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2015, 11 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 June 2023, Fort Bend Childrens Discovery Center LLC reported income of $1.0m and spending of $1.3m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $830k to $1.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2022, when income rose by 130%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Bend Childrens Discovery Center LLC sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Millicent Rogers Museum Inc ($1.0m), Spacetaker ($1.0m) and Live Arts Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Other salaries and wages came to $505k. At year end it held assets of $2.5m against liabilities of $114k, net assets of $2.4m.

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.