Marbles Kids Museum

Analysis

Marbles Kids Museum is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1986, 40 years ago. 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, Marbles Kids Museum reported income of $7.3m and spending of $6.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.8m to $7.3m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income rose by 145%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marbles Kids Museum sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Marys Meadow at Providence Place Inc ($7.3m), Housing Development Partners of San Diego ($7.3m) and National Association of Counties Research Foundation ($7.3m).

On its Form 990 for the period ending June 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 $495k (7.3% of expenses). Other salaries and wages came to $2.9m. It paid $48k in professional fundraising fees. At year end it held assets of $31.0m against liabilities of $3.7m, net assets of $27.3m. It reported 144 employees.