Wheel and Cog Childrens Museum of Hutchinson

Analysis

Wheel and Cog Childrens Museum of Hutchinson is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in June 2017, 9 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 July 2023, Wheel and Cog Childrens Museum of Hutchinson reported income of $210k and spending of $203k, spending 97% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $152k to $210k (+38%), an average of +38% a year. The sharpest change came in the year to July 2023, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wheel and Cog Childrens Museum of Hutchinson sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Society for Indo-American Arts ($210k), Wellesley Historical Society Inc ($210k) and Drawchange Inc ($210k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $83k. At year end it held assets of $102k against liabilities of $5,736, net assets of $96k. It reported 17 employees.