Otter Cove Childrens Museum LLC

Analysis

Otter Cove Childrens Museum LLC is a registered charity in United States, based in Fergus Falls, MN. It received its IRS tax-exemption ruling in November 2019, 7 years ago. 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, Otter Cove Childrens Museum LLC reported income of $264k and spending of $317k, spending 120% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $434k to $264k (-39%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Otter Cove Childrens Museum LLC sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MN. Charities of a similar size with the same main cause include Childrens Therapy & Early Education School Inc ($264k), Spencer County Council on Aging Inc ($264k) and Iron Workers Scholarship Fund ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). Other salaries and wages came to $75k. At year end it held assets of $529k against liabilities of $9,263, net assets of $520k. It reported 14 employees.