Arts, Culture & Humanities
(A540)
IRS Verified
DX Registered
990 on File
DULUTH CHILDRENS MUSEUM INC
Financial strength (30%)
79/100
Reliability (20%)
55/100
Effectiveness (25%)
97/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of the Duluth Children’s Museum is to engage children, their families, caregivers, classrooms, and community in interactive exhibits, educational programs, creative play, and opportunities to connect with our collection of 25,000 historic and cultural artifacts.
Financial Overview — FY 2024
$495K
Total Revenue
$393K
Total Expenses
$254K
Net Assets
21
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
77.5%
Fundraising Efficiency
174.0%
Operating Reserve
7.77x
Liability-to-Asset
69.1%
Revenue Diversification
57.2%
Executive Compensation
$65K
Compared with Peers
FY 2024
Compared with 12,711 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.5% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.7% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.8% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
174.0% | 28.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.8 mo | 9.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
69.1% | 1.8% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
57.2% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
11.1% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-32.0% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
20.6% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $495K | $393K | $254K | 77.5% | 21 |
| 2023 | $446K | $578K | $152K | 91.4% | 19 |
| 2022 | $692K | $443K | $284K | 92.6% | 15 |
| 2021 | $642K | $504K | N/A | — | 18 |
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