San Luis Obispo Childrens Museum

Analysis

San Luis Obispo Childrens Museum is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in June 1995, 31 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, San Luis Obispo Childrens Museum reported income of $432k and spending of $570k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $432k (+2.4%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Luis Obispo Childrens Museum sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Beaux Arts of the Lowe Art Museum of the University of Miami Inc ($432k), Preservation Greensboro Incorporated ($433k) and Christian Theater Arts Project ($432k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $112k (20% of expenses). Other salaries and wages came to $141k. At year end it held assets of $2.4m against liabilities of $92k, net assets of $2.3m. It reported 31 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.