San Jose Childrens Discovery Museum

Analysis

San Jose Childrens Discovery Museum is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 1983, 43 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 August 2023, San Jose Childrens Discovery Museum reported income of $6.1m and spending of $6.2m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.0m to $6.1m (-24%), an average of -6.7% a year. The sharpest change came in the year to August 2020, when income dropped by 33%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, San Jose Childrens Discovery Museum sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include North Carolina Museum of History Foundation ($6.1m), Trace Media Inc ($6.1m) and Arizona Theatre Company ($6.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $585k (9.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $24.3m against liabilities of $1.1m, net assets of $23.2m. It reported 63 employees.