Louisiana Childrens Museum

Analysis

Louisiana Childrens Museum is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 1982, 44 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 December 2023, Louisiana Childrens Museum reported income of $4.6m and spending of $6.2m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.9m to $4.6m (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Louisiana 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 91st percentile within LA. Charities of a similar size with the same main cause include American Opinion Foundation Inc ($4.6m), Mizel Center for Arts and Culture ($4.6m) and Discovery Museums Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 27% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $46.8m against liabilities of $1.7m, net assets of $45.1m. It reported 89 employees.