Childrens Museum of Minot Inc

Analysis

Childrens Museum of Minot Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Childrens Museum of Minot Inc reported income of $20.1m and spending of $13.1m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $20.1m (+1257%), an average of +92% a year. The sharpest change came in the year to December 2021, when income rose by 388%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum of Minot Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within ND. Charities of a similar size with the same main cause include Legacy Foundation ($20.1m), Victoria Theatre Association ($20.1m) and Kansas City Symphony ($20.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $504k (3.8% of expenses). At year end it held assets of $22.5m against liabilities of $199k, net assets of $22.3m. It reported 45 employees.