Modesto Childrens Museum Inc

Analysis

Modesto Childrens Museum Inc is a registered charity in United States, based in Modesto, CA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Modesto Childrens Museum Inc reported income of $3.6m and spending of $408k, leaving 89% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $769k to $3.6m (+366%), an average of +116% a year. The sharpest change came in the year to June 2022, when income rose by 250%. Over the whole period it spent 14% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Modesto Childrens Museum Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include McDowell Mountain Music Festival Inc ($3.6m), Hubbard Street Dance Chicago Inc ($3.6m) and Contemporary Jewish Museum ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,269 (1.0% of expenses). Other salaries and wages came to $53k. At year end it held assets of $9.1m against liabilities of $3.0m, net assets of $6.0m.