Discovery Childrens Museum

Analysis

Discovery Childrens Museum is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 1984, 42 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, Discovery Childrens Museum reported income of $7.9m and spending of $5.4m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $7.9m (+94%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 60%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Childrens Museum sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within NV. Charities of a similar size with the same main cause include Transcendence Theater Company ($7.9m), Chamber Music Society of Lincoln Center Inc ($7.9m) and Ridgefield Playhouse for Movies and the Performing Arts Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $219k (4.0% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $42.6m against liabilities of $1.5m, net assets of $41.1m. It reported 117 employees.