Association of Childrens Museums Inc

Analysis

Association of Childrens Museums Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in September 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Association of Childrens Museums Inc reported income of $3.6m and spending of $4.3m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $3.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2021, when income rose by 403%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Association of Childrens Museums Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Inside Climate News ($3.6m), Community Action Partnership of Oregon ($3.6m) and The Dusable Black History Museum and Education Center ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $817k (19% of expenses). Other salaries and wages came to $301k. At year end it held assets of $3.6m against liabilities of $1.0m, net assets of $2.6m. It reported 15 employees.