Childrens Museum of Tampa Inc

Analysis

Childrens Museum of Tampa Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in May 1986, 40 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 September 2023, Childrens Museum of Tampa Inc reported income of $4.9m and spending of $4.4m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.1m to $4.9m (+19%), an average of +4.5% a year. The sharpest change came in the year to September 2021, when income rose by 81%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum of Tampa 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 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Revolutionary Spaces Inc ($4.9m), Park City Performances ($4.9m) and Luis a Ferre Foundation Inc ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $564k (13% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.2m against liabilities of $454k, net assets of $2.8m. It reported 82 employees.