Nido & Mariana Qubein Childrens Museum

Analysis

Nido & Mariana Qubein Childrens Museum is a registered charity in United States, based in High Point, NC. 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 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, Nido & Mariana Qubein Childrens Museum reported income of $5.7m and spending of $2.0m, leaving 65% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.2m to $5.7m (+165%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 239%. Over the whole period it spent 7.5% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nido & Mariana Qubein Childrens Museum sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include 1001 Colors ($5.7m), Alcor Life Extension Foundation Inc ($5.7m) and The Durham Museum ($5.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $80k (4.0% of expenses). Other salaries and wages came to $500k. At year end it held assets of $30.0m against liabilities of $126k, net assets of $29.8m. It reported 52 employees.