Childrens Museumlab Advancement Initiative

Analysis

Childrens Museumlab Advancement Initiative is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2019, 7 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Childrens Museumlab Advancement Initiative reported income of $240k and spending of $845k, spending 352% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $61k to $240k (+297%), an average of +41% a year. The sharpest change came in the year to June 2020, when income rose by 297%. Over the whole period it spent 379% 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 Museumlab Advancement Initiative sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Epscor Foundation ($240k), Shelby County Community Theatre Incorporated ($240k) and Holbrook Community Access and Media Inc ($240k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $23.4m against liabilities of $10.5m, net assets of $12.9m.

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.