Austin Childrens Museum

Analysis

Austin Childrens Museum is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1983, 43 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 September 2023, Austin Childrens Museum reported income of $6.2m and spending of $6.3m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.3m to $6.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to September 2022, when income rose by 87%. Over the whole period it spent 140% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Austin Childrens Museum sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Home Port Alliance for the Uss New Jersey Inc ($6.2m), Honolulu Civil Beat Inc ($6.2m) and Caramoor Center for Music & the Arts Inc ($6.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $229k (3.6% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $5.5m against liabilities of $1.2m, net assets of $4.3m. It reported 144 employees.