Kidspace a Participatory Museum

Analysis

Kidspace a Participatory Museum is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 1980, 46 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 December 2023, Kidspace a Participatory Museum reported income of $5.9m and spending of $6.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $5.9m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kidspace a Participatory 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 All Classical Public Media Inc ($5.9m), Hands on Childrens Museum ($5.9m) and Curiodyssey ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $675k (10% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $13.9m against liabilities of $1.3m, net assets of $12.6m. It reported 149 employees.