Florida Childrens Museum Inc

Analysis

Florida Childrens Museum Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in January 1991, 35 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, Florida Childrens Museum Inc reported income of $4.0m and spending of $2.3m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $649k to $4.0m (+514%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 504%. Over the whole period it spent 43% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Childrens Museum Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Constellation Stage & Screen Inc ($4.0m), Detroit Jazz Festival Foundation ($4.0m) and Discovery Center Museum of Rockford Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $143k (6.2% of expenses). Other salaries and wages came to $756k. At year end it held assets of $19.4m against liabilities of $3.0m, net assets of $16.4m. It reported 33 employees.