Fargo-Moorhead Science Museum

Analysis

Fargo-Moorhead Science Museum is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in February 2020, 6 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, Fargo-Moorhead Science Museum reported income of $612k and spending of $731k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.3m to $612k (-53%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 1031%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fargo-Moorhead Science Museum sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within ND. Charities of a similar size with the same main cause include Historic Bethel Baptist Church Community Restoration Fund ($612k), Immediate Life Inc ($613k) and Society for Research on Adolescence ($612k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $160k (22% of expenses). Other salaries and wages came to $182k. It paid $154k in professional fundraising fees. At year end it held assets of $781k against liabilities of $1,396, net assets of $780k. It reported 4 employees.