Delaware Museum of Nature and Science Inc

Analysis

Delaware Museum of Nature and Science Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in July 1959, 67 years ago. 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, Delaware Museum of Nature and Science Inc reported income of $3.0m and spending of $3.7m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.0m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delaware Museum of Nature and Science Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include West Montgomery Educational Foundation ($3.0m), Waterfire Providence ($3.0m) and Institute for Credentialing Excellence ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $160k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $30.2m against liabilities of $274k, net assets of $29.9m. It reported 73 employees.