Childrens Museum of the Shoals Inc

Analysis

Childrens Museum of the Shoals Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in August 1997, 29 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, Childrens Museum of the Shoals Inc reported income of $176k and spending of $183k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $151k to $176k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum of the Shoals Inc sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Thin Man Dance Inc ($176k), The New Berlin Community Club of New Berlin Guadalupe County Texas ($176k) and Kulu Mele African American Dance Ensemble Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $78k. At year end it held assets of $515k against liabilities of $2,316, net assets of $513k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.