Baltimore Childrens Museum Inc

Analysis

Baltimore Childrens Museum Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 1993, 33 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 June 2023, Baltimore Childrens Museum Inc reported income of $7.2m and spending of $5.8m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.4m to $7.2m (-23%), an average of -6.5% a year. The sharpest change came in the year to June 2020, when income dropped by 55%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Baltimore Childrens Museum Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Professional Childrens School Inc ($7.2m), Maine State Music Theatre ($7.2m) and Maxwell C King Center for the Performing Arts Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $452k (7.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $21.1m against liabilities of $1.8m, net assets of $19.3m. It reported 104 employees.