Grand Forks Childrens Museum Inc

Analysis

Grand Forks Childrens Museum Inc is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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, Grand Forks Childrens Museum Inc reported income of $6.3m and spending of $250k, leaving 96% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.8m to $6.3m (+128%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 1376%. Over the whole period it spent 3.2% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Forks Childrens Museum Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within ND. Charities of a similar size with the same main cause include American Association of Tissue Banks Inc ($6.3m), Families Forward ($6.3m) and Hospice & Palliative Care Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $31k (13% of expenses). Other salaries and wages came to $53k. At year end it held assets of $9.4m against liabilities of $16k, net assets of $9.3m. It reported 2 employees.