North Carolina Childrens Museum
North Carolina Childrens Museum shows strong financial growth and asset accumulation in its latest fiscal year.
EIN: 202058235 · Chapel Hill, NC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $759K |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $1.6M |
| Transparency Score | 85/100 |
Is North Carolina Childrens Museum Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Carolina Childrens Museum directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Carolina Childrens Museum
North Carolina Childrens Museum (EIN: 202058235) is a nonprofit organization based in Chapel Hill, NC. The organization reported total revenue of $759K and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Carolina Childrens Museum's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Carolina Childrens Museum is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 30.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $1.9M |
| Total Liabilities | $329K |
| Net Assets | $1.6M |
| Operating Margin | 51.8% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 17.3 months |
Financial Health Grade: A
In 2023, North Carolina Childrens Museum reported a surplus of $1.4M with revenue exceeding expenses, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Carolina Childrens Museum's revenue has grown at a compound annual growth rate (CAGR) of 30.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +146.3% | +27.0% | +300.4% |
| 2022 | +49.9% | +34.3% | +18.8% |
| 2021 | +27.5% | +40.9% | +4.3% |
| 2020 | -9.4% | -30.5% | +79.0% |
| 2019 | -13.9% | -8.2% | -37.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 North Carolina Childrens Museum 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, North Carolina Childrens Museum allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.2%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a positive sign for a nonprofit of its size, suggesting resources are primarily directed towards its mission.
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 North Carolina Childrens Museum's IRS 990 filings:
- Historical periods of expenses exceeding revenue (e.g., 2019, 2018, 2017, 2016, 2015) suggest past financial challenges, though this has been significantly reversed in the latest filing.
Strengths
The following positive indicators were identified for North Carolina Childrens Museum:
- Significant revenue growth in 2023 ($2,758,042) far exceeding expenses ($1,328,199).
- Substantial increase in assets to $1,915,328 in 2023, indicating improved financial stability.
- Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to mission-focused spending.
- Positive net income in the latest fiscal year, reversing previous trends where expenses often outpaced revenue.
Frequently Asked Questions about North Carolina Childrens Museum
Is North Carolina Childrens Museum a legitimate charity?
North Carolina Childrens Museum (EIN: 202058235) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $759K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does North Carolina Childrens Museum spend its money?
North Carolina Childrens Museum directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to North Carolina Childrens Museum tax-deductible?
North Carolina Childrens Museum is registered as a tax-exempt nonprofit (EIN: 202058235). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Carolina Childrens Museum's spending goes to programs?
North Carolina Childrens Museum directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North Carolina Childrens Museum located?
North Carolina Childrens Museum is headquartered in Chapel Hill, North Carolina and files with the IRS under EIN 202058235.
How many years of IRS 990 filings does North Carolina Childrens Museum have?
North Carolina Childrens Museum 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 $759K in total revenue.
Is North Carolina Childrens Museum a good charity?
Based on the latest financial data, the North Carolina Childrens Museum appears to be a good charity. It demonstrated strong revenue growth ($2,758,042 in 2023) significantly exceeding expenses ($1,328,199), and has consistently reported 0% officer compensation, indicating efficient use of funds for its mission.
How has the organization's financial health changed over time?
The organization's financial health has shown significant improvement, particularly in the latest 2023 filing. While there were periods of expenses exceeding revenue in earlier years (e.g., 2019, 2018), the 2023 period shows robust revenue growth and a substantial increase in assets, indicating a much stronger financial position.
What is the organization's asset growth trend?
The organization's assets have shown remarkable growth, especially in the most recent period. Assets increased from $478,315 in 2022 to $1,915,328 in 2023, representing a substantial increase and indicating improved financial stability and capacity.
Filing History
IRS 990 filing history for North Carolina Childrens Museum showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Carolina Childrens Museum's revenue has grown by 2284.4%, moving from $116K to $2.8M. Total assets increased by 528.1% over the same period, from $305K to $1.9M. Total functional expenses rose by 262.2%, from $367K to $1.3M. In its most recent filing year (2023), North Carolina Childrens Museum reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $329K in liabilities against $1.9M in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $1.3M | $1.9M | $329K | — | View 990 |
| 2022 | $1.1M | $1.0M | $478K | $305K | — | View 990 |
| 2021 | $747K | $779K | $402K | $353K | — | View 990 |
| 2020 | $586K | $553K | $386K | $305K | — | View 990 |
| 2019 | $647K | $796K | $216K | $121K | — | View 990 |
| 2018 | $751K | $866K | $342K | $99K | — | View 990 |
| 2017 | $846K | $903K | $456K | $83K | — | View 990 |
| 2016 | $785K | $893K | $609K | $80K | — | View 990 |
| 2015 | $745K | $796K | $862K | $83K | — | View 990 |
| 2014 | $838K | $733K | $757K | $44K | — | View 990 |
| 2013 | $643K | $516K | $637K | $29K | — | View 990 |
| 2012 | $684K | $466K | $539K | $59K | — | View 990 |
| 2011 | $116K | $367K | $305K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $1.3M, and assets of $1.9M (revenue +146.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $478K (revenue +49.9% year-over-year).
- 2021: Revenue of $747K, expenses of $779K, and assets of $402K (revenue +27.5% year-over-year).
- 2020: Revenue of $586K, expenses of $553K, and assets of $386K (revenue -9.4% year-over-year).
- 2019: Revenue of $647K, expenses of $796K, and assets of $216K (revenue -13.9% year-over-year).
- 2018: Revenue of $751K, expenses of $866K, and assets of $342K (revenue -11.2% year-over-year).
- 2017: Revenue of $846K, expenses of $903K, and assets of $456K (revenue +7.8% year-over-year).
- 2016: Revenue of $785K, expenses of $893K, and assets of $609K (revenue +5.5% year-over-year).
- 2015: Revenue of $745K, expenses of $796K, and assets of $862K (revenue -11.2% year-over-year).
- 2014: Revenue of $838K, expenses of $733K, and assets of $757K (revenue +30.3% year-over-year).
- 2013: Revenue of $643K, expenses of $516K, and assets of $637K (revenue -5.9% year-over-year).
- 2012: Revenue of $684K, expenses of $466K, and assets of $539K (revenue +491.1% year-over-year).
- 2011: Revenue of $116K, expenses of $367K, and assets of $305K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Carolina Childrens Museum:
Data Sources and Methodology
This transparency report for North Carolina Childrens Museum 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.