Childrens Museum of Skagit County

Analysis

Childrens Museum of Skagit County is a registered charity in United States, based in Burlington, WA. It received its IRS tax-exemption ruling in February 2002, 24 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 2023, Childrens Museum of Skagit County reported income of $749k and spending of $913k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $856k to $749k (-12%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 231%. Over the whole period it spent 86% 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 Skagit County sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Holland Historical Trust ($749k), Iris Orchestra Inc ($749k) and Center for Irish Music Inc ($749k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $91k (10.0% of expenses). Other salaries and wages came to $253k. At year end it held assets of $1.3m against liabilities of $306k, net assets of $1.0m. It reported 20 employees.