Lincoln Childrens Museum

Analysis

Lincoln Childrens Museum is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in November 1988, 38 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, Lincoln Childrens Museum reported income of $1.9m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.9m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lincoln Childrens Museum sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Interact Inc ($1.9m), Via Institute on Character ($1.9m) and Hopkinton Center for the Arts ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $120k (6.9% of expenses). Other salaries and wages came to $629k. At year end it held assets of $9.3m against liabilities of $531k, net assets of $8.8m. It reported 49 employees.