Kearney Area Childrens Museum

Analysis

Kearney Area Childrens Museum is a registered charity in United States, based in Kearney, NE. It received its IRS tax-exemption ruling in June 1990, 36 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, Kearney Area Childrens Museum reported income of $474k and spending of $422k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $474k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kearney Area 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 68th percentile within NE. Charities of a similar size with the same main cause include Turkish Cultural Center ($474k), Unity Earth Inc ($474k) and Drumming for Your Life Institute ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $50k (12% of expenses). Other salaries and wages came to $118k. At year end it held assets of $1.9m against liabilities of $28k, net assets of $1.8m. It reported 31 employees.