Childrens Museum of the Magic Valley Inc

Analysis

Childrens Museum of the Magic Valley Inc is a registered charity in United States, based in Twin Falls, ID. It received its IRS tax-exemption ruling in November 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Childrens Museum of the Magic Valley Inc reported income of $227k and spending of $141k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $349k to $227k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 36% 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 Museum of the Magic Valley Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within ID. Charities of a similar size with the same main cause include Kenosha Common Markets Inc ($227k), Arts Mission Oak Cliff ($227k) and Esperienza Italia ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. Other salaries and wages came to $20k. At year end it held assets of $635k against liabilities of $0, net assets of $635k. It reported 4 employees.