Mississippi Childrens Museum

Analysis

Mississippi Childrens Museum is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in June 2004, 22 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, Mississippi Childrens Museum reported income of $5.4m and spending of $6.2m, spending 114% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $6.9m to $5.4m (-22%), an average of -6.0% a year. The sharpest change came in the year to May 2020, when income dropped by 33%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mississippi Childrens Museum 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 MS. Charities of a similar size with the same main cause include Pasadena Symphony Association ($5.4m), Cosmosphere Inc ($5.4m) and Young Audiences of Louisiana Inc ($5.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $151k (2.5% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $39.0m against liabilities of $5.6m, net assets of $33.4m. It reported 140 employees.