Arts, Culture & Humanities
(A560)
IRS Verified
DX Registered
990 on File
NORTH CAROLINA MUSEUM OF LIFE & SCIENCE
Financial strength (30%)
79/100
Reliability (20%)
55/100
Effectiveness (25%)
93/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission is to create a place of lifelong learning where people, from young child to senior citizen, embrace science as a way of knowing about themselves, their community and their world. Fostering scientific knowledge improves quality of life by helping people understand how the world works. This idea infuses our exhibits and offerings, and provides meaningful learning opportunities.
Financial Overview — FY 2023
$15.9M
Total Revenue
$13.1M
Total Expenses
$21.1M
Net Assets
285
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.2%
Fundraising Efficiency
286.5%
Operating Reserve
19.31x
Liability-to-Asset
15.1%
Revenue Diversification
47.0%
Executive Compensation
$383K
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
|
75.2% | 79.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
20.8% | 13.1% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
4.0% | 6.0% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
286.5% | 814.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.3 mo | 28.2 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
15.1% | 13.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
47.0% | 72.1% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
3.9% | -2.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
18.6% | 12.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
17.5% | 0.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $15.9M | $13.1M | $21.1M | 75.2% | 285 |
| 2022 | $15.3M | $11.1M | $18.4M | 75.8% | 254 |
| 2021 | $9.4M | $10.1M | N/A | — | 230 |
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