Arts, Culture & Humanities
(A52)
IRS Verified
DX Registered
990 on File
CHILDRENS MUSEUM OF SKAGIT COUNTY
Financial strength (30%)
78/100
Reliability (20%)
55/100
Effectiveness (25%)
90/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of the Children’s Museum of Skagit County is to promote, encourage and increase an understanding of the arts, science, culture, and literature among the children, youth, families, and educators in Skagit County and beyond. We carry out our mission by providing engaging exhibits, programs for children and families, a preschool, camps and classes, field trips, and celebrations. It has always been our vision to make the museum and programs accessible to all, and as inclusive as possible
Financial Overview — FY 2023
$749K
Total Revenue
$913K
Total Expenses
$1.0M
Net Assets
20
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.8%
Fundraising Efficiency
2.6%
Operating Reserve
13.62x
Liability-to-Asset
22.8%
Revenue Diversification
48.7%
Executive Compensation
$91K
Compared with Peers
FY 2023
Compared with 16,965 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.
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
|
94.8% | 81.8% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.1% | 14.0% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 0.0% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2.6% | 28.7% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
13.6 mo | 10.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
22.8% | 1.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
48.7% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-11.0% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
29.8% | 13.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-21.9% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $749K | $913K | $1.0M | 94.8% | 20 |
| 2022 | $841K | $704K | $1.4M | 93.7% | 11 |
| 2021 | $426K | $400K | N/A | — | 18 |
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