Virgin Islands Childrens Museum

Analysis

Virgin Islands Childrens Museum is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in December 2023, 3 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 December 2023, Virgin Islands Childrens Museum reported income of $490k and spending of $506k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $434k to $490k (+13%), an average of +6.2% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virgin Islands Childrens Museum sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within VI. Charities of a similar size with the same main cause include American Choral Directors ($490k), Foundation for Dance Education ($490k) and Southbound Food Festival ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $67k (13% of expenses). Other salaries and wages came to $55k. It paid $54k in professional fundraising fees. At year end it held assets of $348k against liabilities of $114k, net assets of $234k.