The Childrens Museum of Southwest Louisiana Inc

Analysis

The Childrens Museum of Southwest Louisiana Inc is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in August 1988, 38 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, The Childrens Museum of Southwest Louisiana Inc reported income of $235k and spending of $148k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $493k to $235k (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Childrens Museum of Southwest Louisiana Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within LA. Charities of a similar size with the same main cause include Irish Cultural and Historical Society of the Mohawk Valley ($235k), World Awareness Childrens Museum ($235k) and Encinitas Ballet Academy and Arts Center ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $58k (39% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.2m against liabilities of $4,542, net assets of $1.2m. It reported 2 employees.