Chesapeake Childrens Museum Inc

Analysis

Chesapeake Childrens Museum Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in May 1994, 32 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 2022, Chesapeake Childrens Museum Inc reported income of $216k and spending of $159k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $137k to $216k (+58%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chesapeake Childrens Museum Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Madison Area Arts Alliance Inc ($216k), Senior Citizens of Logan County Inc ($216k) and The Capital Gallery Society ($216k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $20k (12% of expenses). Other salaries and wages came to $69k. At year end it held assets of $70k against liabilities of $0, net assets of $70k. It reported 8 employees.