Greensboro Childrens Museum

Analysis

Greensboro Childrens Museum is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Greensboro Childrens Museum reported income of $1.6m and spending of $1.8m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 292%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greensboro Childrens Museum sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Paducah McCracken County Senior Citizens Inc ($1.6m), Duc Vien Buddhist Community Pagoda ($1.6m) and Verde Valley Fair Association ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $98k (5.3% of expenses). Other salaries and wages came to $711k. At year end it held assets of $10.0m against liabilities of $795k, net assets of $9.2m. It reported 48 employees.