Gilbert House Childrens Museum Inc

Analysis

Gilbert House Childrens Museum Inc is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in March 1992, 34 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, Gilbert House Childrens Museum Inc reported income of $1.5m and spending of $1.0m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gilbert House Childrens Museum Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within OR. Charities of a similar size with the same main cause include Chambers County Childrens Museum ($1.5m), Canton Museum of Art ($1.5m) and Jacksonville Historic Naval Ship Association Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $86k (8.6% of expenses). Other salaries and wages came to $408k. At year end it held assets of $2.0m against liabilities of $193k, net assets of $1.9m. It reported 27 employees.