Westchester Childrens Museum

Analysis

Westchester Childrens Museum is a registered charity in United States, based in Rye, NY. It received its IRS tax-exemption ruling in June 2012, 14 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, Westchester Childrens Museum reported income of $996k and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $996k (-42%), an average of -13% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Westchester Childrens Museum sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include El Sistema USA Salinas Inc ($995k), Cultureseed ($996k) and Buffalo String Works Inc ($995k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $112k (10% of expenses). Other salaries and wages came to $376k. It paid $20k in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $904k, net assets of $3.0m. It reported 43 employees.