Brooklyn Childrens Museum Corp
Brooklyn Childrens Museum Corp shows consistent revenue growth and positive operating margins over recent years.
EIN: 112495664 · Brooklyn, NY · NTEE: A520 · Updated: 2026-03-28
Is Brooklyn Childrens Museum Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Childrens Museum Corp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Childrens Museum Corp
Brooklyn Childrens Museum Corp (EIN: 112495664) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A520. The organization reported total revenue of $8.1M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Childrens Museum Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brooklyn Childrens Museum Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Brooklyn Childrens Museum Corp allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is notable. This either indicates that no officers receive compensation, or that their compensation is categorized differently within the IRS 990, requiring a review of the full document for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brooklyn Childrens Museum Corp's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided summary data, making precise spending efficiency analysis difficult without full 990 forms.
Strengths
The following positive indicators were identified for Brooklyn Childrens Museum Corp:
- Consistent revenue growth, increasing from $5,454,664 in 2021 to $7,537,198 in 2023.
- Positive operating margins, with revenue consistently exceeding expenses in recent years (e.g., $7,537,198 revenue vs. $6,850,283 expenses in 2023).
- Growing asset base, increasing from $5,074,218 in 2020 to $6,952,578 in 2023.
- Reported 0% officer compensation across all filings, suggesting efficient use of funds or alternative compensation structures.
Frequently Asked Questions about Brooklyn Childrens Museum Corp
Is Brooklyn Childrens Museum Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Childrens Museum Corp (EIN: 112495664) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Brooklyn Childrens Museum Corp spend its money?
Brooklyn Childrens Museum Corp directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brooklyn Childrens Museum Corp tax-deductible?
Brooklyn Childrens Museum Corp is registered as a tax-exempt nonprofit (EIN: 112495664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Brooklyn Childrens Museum Corp a good charity?
Based on the provided financial data, the Brooklyn Childrens Museum Corp appears to be a well-managed organization with consistent revenue growth and positive operating margins. Its assets have also grown steadily. The reported 0% officer compensation is a positive indicator of resource allocation, though further detail on functional expenses would provide a more complete picture of 'goodness'.
How has the organization's revenue trended over time?
The organization's revenue has shown a strong upward trend in recent years, increasing from $5,454,664 in 2021 to $7,537,198 in 2023, and reaching $8,090,309 in the latest period. This indicates healthy financial growth.
What is the organization's financial stability?
The Brooklyn Childrens Museum Corp demonstrates good financial stability. It has consistently generated a surplus (revenue exceeding expenses) in recent years, and its assets have grown from $5,074,218 in 2020 to $6,952,578 in 2023, indicating a strengthening balance sheet.
Filing History
IRS 990 filing history for Brooklyn Childrens Museum Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Childrens Museum Corp's revenue has grown by 33.6%, moving from $5.6M to $7.5M. Total assets decreased by 25.6% over the same period, from $9.3M to $7.0M. Total functional expenses fell by 1.9%, from $7.0M to $6.9M. In its most recent filing year (2023), Brooklyn Childrens Museum Corp reported a surplus of $687K, with revenue exceeding expenses. The organization holds $3.8M in liabilities against $7.0M in assets (debt-to-asset ratio: 54.9%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7.5M | $6.9M | $7.0M | $3.8M | — | — |
| 2022 | $6.7M | $5.6M | $6.4M | $4.2M | — | View 990 |
| 2021 | $5.5M | $4.4M | $6.3M | $4.9M | — | View 990 |
| 2020 | $5.8M | $5.4M | $5.1M | $5.8M | — | — |
| 2019 | $5.4M | $5.7M | $4.9M | $4.8M | — | View 990 |
| 2018 | $6.8M | $5.1M | $4.7M | $4.3M | — | View 990 |
| 2017 | $5.7M | $4.9M | $2.9M | $4.6M | — | View 990 |
| 2016 | $4.9M | $5.4M | $2.3M | $5.2M | — | View 990 |
| 2015 | $5.1M | $6.8M | $2.6M | $4.8M | — | View 990 |
| 2014 | $5.1M | $6.6M | $4.4M | $4.9M | — | View 990 |
| 2013 | $5.2M | $7.0M | $5.8M | $4.4M | — | View 990 |
| 2012 | $5.6M | $7.6M | $7.3M | $4.7M | — | View 990 |
| 2011 | $5.6M | $7.0M | $9.3M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.5M, expenses of $6.9M, and assets of $7.0M (revenue +12.4% year-over-year).
- 2022: Revenue of $6.7M, expenses of $5.6M, and assets of $6.4M (revenue +22.9% year-over-year).
- 2021: Revenue of $5.5M, expenses of $4.4M, and assets of $6.3M (revenue -5.6% year-over-year).
- 2020: Revenue of $5.8M, expenses of $5.4M, and assets of $5.1M (revenue +8.0% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.7M, and assets of $4.9M (revenue -21.6% year-over-year).
- 2018: Revenue of $6.8M, expenses of $5.1M, and assets of $4.7M (revenue +20.6% year-over-year).
- 2017: Revenue of $5.7M, expenses of $4.9M, and assets of $2.9M (revenue +14.6% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.4M, and assets of $2.3M (revenue -3.3% year-over-year).
- 2015: Revenue of $5.1M, expenses of $6.8M, and assets of $2.6M (revenue -0.4% year-over-year).
- 2014: Revenue of $5.1M, expenses of $6.6M, and assets of $4.4M (revenue -1.6% year-over-year).
- 2013: Revenue of $5.2M, expenses of $7.0M, and assets of $5.8M (revenue -7.5% year-over-year).
- 2012: Revenue of $5.6M, expenses of $7.6M, and assets of $7.3M (revenue +-0.0% year-over-year).
- 2011: Revenue of $5.6M, expenses of $7.0M, and assets of $9.3M.
Data Sources and Methodology
This transparency report for Brooklyn Childrens Museum Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.