Childrens Museum Of The Arts Inc
Childrens Museum Of The Arts Inc faces severe financial contraction with over 70% revenue decline since 2016 and consistent operating deficits.
EIN: 133520970 · Philadelphia, PA · NTEE: A520 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.6M |
| Program Spending | 70% |
| Net Assets | $4K |
| Transparency Score | 40/100 |
Is Childrens Museum Of The Arts Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Childrens Museum Of The Arts Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Childrens Museum Of The Arts Inc
Childrens Museum Of The Arts Inc (EIN: 133520970) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code A520. The organization reported total revenue of $1.0M and total assets of $349K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Museum Of The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Museum Of The Arts Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $934K |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-626,973 |
| Total Assets | $349K |
| Total Liabilities | $345K |
| Net Assets | $4K |
| Operating Margin | -67.1% |
| Debt-to-Asset Ratio | 98.8% |
| Months of Reserves | 2.7 months |
Financial Health Grade: D
In 2023, Childrens Museum Of The Arts Inc reported a deficit of $627K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 98.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Childrens Museum Of The Arts Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.7% | -14.9% | -84.5% |
| 2022 | -40.8% | -13.9% | -30.8% |
| 2021 | -48.9% | -38.0% | -11.1% |
| 2020 | -0.3% | -7.9% | +8.0% |
| 2019 | -4.1% | +5.5% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Childrens Museum Of The Arts Inc with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Childrens Museum Of The Arts Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $627K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive salaries are categorized under other expense lines, which could obscure a complete picture of compensation practices.
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 Childrens Museum Of The Arts Inc's IRS 990 filings:
- Significant and sustained decline in revenue (from $3.5M in 2016 to $0.9M in 2023).
- Consistent operating deficits (expenses exceeding revenue in most recent years).
- Sharp decrease in total assets (from $4.7M in 2015 to $0.3M in 2023).
- High liabilities relative to current assets in some periods, though liabilities have recently decreased.
- Lack of detailed functional expense breakdown in summary data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Childrens Museum Of The Arts Inc:
- Reduction in liabilities from $2.1M in 2021 to $0.3M in 2023, indicating debt management.
- Consistent filing of IRS 990 forms, demonstrating a commitment to transparency in reporting.
Frequently Asked Questions about Childrens Museum Of The Arts Inc
Is Childrens Museum Of The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Childrens Museum Of The Arts Inc (EIN: 133520970) significant concerns. Mission Score: 40/100. 5 red flags identified, 2 strengths noted.
How does Childrens Museum Of The Arts Inc spend its money?
Childrens Museum Of The Arts Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Childrens Museum Of The Arts Inc tax-deductible?
Childrens Museum Of The Arts Inc is registered as a tax-exempt nonprofit (EIN: 133520970). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Childrens Museum Of The Arts Inc's spending goes to programs?
Childrens Museum Of The Arts Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Childrens Museum Of The Arts Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Childrens Museum Of The Arts Inc is near average for NTEE category A520 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Childrens Museum Of The Arts Inc located?
Childrens Museum Of The Arts Inc is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 133520970. It is classified under NTEE code A520.
How many years of IRS 990 filings does Childrens Museum Of The Arts Inc have?
Childrens Museum Of The Arts Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
What caused the drastic decline in revenue and assets since 2016?
The provided data does not specify the reasons for the decline, but it is a critical question for understanding the organization's future viability.
How does the organization plan to address its consistent operating deficits?
With expenses exceeding revenue in most recent periods (e.g., $1,561,172 expenses vs. $934,199 revenue in 2023), a clear strategy for financial sustainability is needed.
What is the detailed breakdown of functional expenses (program, administrative, fundraising)?
Without this detail, it's challenging to fully assess spending efficiency and the proportion of funds directly supporting the mission.
Is the organization considering significant operational changes or downsizing given the reduced financial capacity?
The substantial reduction in assets and revenue suggests that the organization may need to adjust its scale of operations.
Are there any plans to increase fundraising efforts or diversify revenue streams?
Given the sharp decline in revenue, strategies to stabilize and grow income are crucial for the organization's future.
Filing History
IRS 990 filing history for Childrens Museum Of The Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Childrens Museum Of The Arts Inc's revenue has declined by 74.2%, moving from $3.6M to $934K. Total assets decreased by 91.8% over the same period, from $4.3M to $349K. Total functional expenses fell by 35%, from $2.4M to $1.6M. In its most recent filing year (2023), Childrens Museum Of The Arts Inc reported a deficit of $627K, with expenses exceeding revenue. The organization holds $345K in liabilities against $349K in assets (debt-to-asset ratio: 98.8%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $934K | $1.6M | $349K | $345K | — | — |
| 2022 | $970K | $1.8M | $2.3M | $1.6M | — | View 990 |
| 2021 | $1.6M | $2.1M | $3.3M | $2.1M | — | View 990 |
| 2020 | $3.2M | $3.4M | $3.7M | $2.0M | — | View 990 |
| 2019 | $3.2M | $3.7M | $3.4M | $1.5M | — | View 990 |
| 2018 | $3.4M | $3.5M | $3.8M | $1.4M | — | View 990 |
| 2017 | $3.2M | $3.6M | $3.9M | $1.3M | — | View 990 |
| 2016 | $3.6M | $3.5M | $4.5M | $1.5M | — | View 990 |
| 2015 | $3.3M | $3.4M | $4.7M | $1.8M | — | View 990 |
| 2014 | $3.2M | $3.3M | $5.0M | $2.0M | — | View 990 |
| 2013 | $4.2M | $3.5M | $6.2M | $3.0M | — | View 990 |
| 2012 | $3.3M | $3.5M | $6.4M | $3.9M | — | View 990 |
| 2011 | $3.6M | $2.4M | $4.3M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $934K, expenses of $1.6M, and assets of $349K (revenue -3.7% year-over-year).
- 2022: Revenue of $970K, expenses of $1.8M, and assets of $2.3M (revenue -40.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $2.1M, and assets of $3.3M (revenue -48.9% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.4M, and assets of $3.7M (revenue -0.3% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.7M, and assets of $3.4M (revenue -4.1% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.5M, and assets of $3.8M (revenue +3.3% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.6M, and assets of $3.9M (revenue -8.7% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.5M, and assets of $4.5M (revenue +7.1% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.4M, and assets of $4.7M (revenue +5.3% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.3M, and assets of $5.0M (revenue -25.3% year-over-year).
- 2013: Revenue of $4.2M, expenses of $3.5M, and assets of $6.2M (revenue +25.9% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.5M, and assets of $6.4M (revenue -7.7% year-over-year).
- 2011: Revenue of $3.6M, expenses of $2.4M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Museum Of The Arts Inc:
Data Sources and Methodology
This transparency report for Childrens Museum Of The Arts Inc 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.