MONTEREY COUNTY YOUTH MUSEUM
Mission Statement
The museum was developed in 1997 to provide an environment where curiosity and creativity flourish, while both children and adults learn together through experience. After a successful capital campaign and move in 2008, Monterey County Youth Museum (MY Museum) now resides at 425 Washington Street. This conveniently located facility is surrounded by the Monterey Sports Center and Dennis the Menace Park. MY Museum provides an environment unique to any other in Monterey County. Constructed as a microcosm of “what makes Monterey special”, this 8,500 square foot museum is packed with a variety of hands on exhibits, making each visit unique and exciting. It compliments any visit to the Monterey area or makes a good day into a great day for those who are fortunate to visit us on a regular basis. The museum has had the opportunity to touch over 250,000 guests over the past decade and looks forward to many successful years to come.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
56.2% | 81.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
29.6% | 14.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
14.2% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
66.3% | 28.7% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
42.9 mo | 10.4 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
27.8% | 1.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
58.5% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-17.4% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
22.9% | 13.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
12.3% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $592K | $520K | $1.9M | 56.2% | 19 |
| 2022 | $717K | $423K | $1.8M | 56.7% | 12 |
| 2021 | $560K | $351K | N/A | — | 12 |
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