Childrens Discovery Museum Inc

Analysis

Childrens Discovery Museum Inc is a registered charity in United States, based in Victoria, TX. It received its IRS tax-exemption ruling in December 1999, 27 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 Discovery Museum Inc reported income of $521k and spending of $589k, spending 113% of what it took in. Across the 6 years on record, from August 2019 to December 2023, income grew from $409k to $521k (+27%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 210%. Over the whole period it spent 114% 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 Discovery Museum Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Tephra Institute of Contemporary Art Inc ($521k), Firehouse Theatre Project Inc ($521k) and Texas Archive of the Moving Image ($521k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 47% of the total. Other salaries and wages came to $221k. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.5m. It reported 33 employees.