Explora Science Center & Childrens Museum of Albuquerque

Analysis

Explora Science Center & Childrens Museum of Albuquerque is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1996, 30 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 June 2024, Explora Science Center & Childrens Museum of Albuquerque reported income of $8.5m and spending of $7.5m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.7m to $8.5m (+49%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Explora Science Center & Childrens Museum of Albuquerque sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within NM. Charities of a similar size with the same main cause include S U Theatre Corporation ($8.5m), National Veterans Memorial and Museum Operating Corporation ($8.5m) and Little Manila Foundation ($8.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% and program service revenue 28% of the total. Other salaries and wages came to $4.4m. At year end it held assets of $10.5m against liabilities of $663k, net assets of $9.8m. It reported 187 employees.