The Woodlands Childrens Museum

Analysis

The Woodlands Childrens Museum is a registered charity in United States, based in The Woodlands, TX. It received its IRS tax-exemption ruling in October 2001, 25 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 2022, The Woodlands Childrens Museum reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.2m to $1.0m (-13%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 96% 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 Woodlands Childrens Museum sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Virginia Council on Economic Education ($1.0m), Boothbay Railway Village ($1.0m) and Commonwealth Youth Choirs ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 36% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $55k (5.4% of expenses). Other salaries and wages came to $331k. At year end it held assets of $378k against liabilities of $11k, net assets of $367k. It reported 52 employees.