Lexington Childrens Museum Inc

Analysis

Lexington Childrens Museum Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1990, 36 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, Lexington Childrens Museum Inc reported income of $911k and spending of $789k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $621k to $911k (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lexington Childrens Museum Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Saint Paul Festival and Heritage Foundation ($911k), Rockland Conservatory of Music ($911k) and Out of Hand Theater Inc ($910k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $86k (11% of expenses). At year end it held assets of $611k against liabilities of $329k, net assets of $282k. It reported 13 employees.