Soo Locks Childrens Museum

Analysis

Soo Locks Childrens Museum is a registered charity in United States, based in Sault S Marie, MI. It received its IRS tax-exemption ruling in May 2017, 9 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, Soo Locks Childrens Museum reported income of $187k and spending of $169k, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $3,131 to $187k (+5876%), an average of +291% a year. The sharpest change came in the year to December 2020, when income rose by 3149%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Soo Locks Childrens Museum sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include Bunce Backyard Productions Inc ($187k), Fall for the Book Inc ($187k) and Music4life ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.