Museum of Science & History of Jacksonville Inc

Analysis

Museum of Science & History of Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in August 1951, 75 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 May 2023, Museum of Science & History of Jacksonville Inc reported income of $5.8m and spending of $4.4m, leaving 24% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.3m to $5.8m (+148%), an average of +26% a year. The sharpest change came in the year to May 2022, when income rose by 176%. Over the whole period it spent 69% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of Science & History of Jacksonville Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Dayton Art Institute ($5.8m), Association of American Voices ($5.8m) and Minnesota Museum of American Art ($5.8m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 57% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $140k (3.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $16.1m against liabilities of $405k, net assets of $15.6m. It reported 63 employees.