Omaha Childrens Museum Inc

Analysis

Omaha Childrens Museum Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 1978, 48 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, Omaha Childrens Museum Inc reported income of $5.0m and spending of $5.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.0m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Omaha Childrens Museum Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within NE. Charities of a similar size with the same main cause include Stamford Museum and Nature Center Incorporated ($5.0m), Peninsula Arts Guild ($5.0m) and Woolly Mammoth Theatre Co ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $396k (7.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $6.6m against liabilities of $1.2m, net assets of $5.4m. It reported 135 employees.