The Delaware Childrens Museum Inc

Analysis

The Delaware Childrens Museum Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in August 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 September 2023, The Delaware Childrens Museum Inc reported income of $1.6m and spending of $1.7m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.6m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to September 2020, when income dropped by 40%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Delaware Childrens Museum Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within DE. Charities of a similar size with the same main cause include Playhouse Theatre Group Inc ($1.6m), League of Live Stream Theater Inc ($1.6m) and Michigan State TR for Railway Pres Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $87k (5.0% of expenses). Other salaries and wages came to $397k. At year end it held assets of $2.2m against liabilities of $1.6m, net assets of $611k. It reported 39 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.