Arts, Culture & Humanities
(A560)
IRS Verified
DX Registered
990 on File
SCIENCE MUSEUM OF MINNESOTA
Financial strength (30%)
98/100
Reliability (20%)
55/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
Turn on the science: realizing the potential of policy makers, educators, and individuals to achieve full civic and economic participation in the world.
Financial Overview — FY 2023
$35.1M
Total Revenue
$40.0M
Total Expenses
$103.9M
Net Assets
514
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.0%
Fundraising Efficiency
N/A
Operating Reserve
31.20x
Liability-to-Asset
13.0%
Revenue Diversification
59.1%
Executive Compensation
$632K
Compared with Peers
FY 2023
Compared with 655 similar organizations
(United States, Arts, Culture & Humanities, $10M–$100M 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
|
80.0% | 79.6% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.9% | 13.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.1% | 6.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
31.2 mo | 28.2 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
13.0% | 13.6% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
59.1% | 72.1% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
20.8% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.4% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-14.0% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $35.1M | $40.0M | $103.9M | 80.0% | 514 |
| 2022 | $29.0M | $35.9M | $106.0M | 81.9% | 441 |
| 2021 | $25.4M | $30.9M | N/A | — | 569 |
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