ALASKA MUSEUM OF SCIENCE AND NATURE
Mission Statement
The Alaska Museum of Science and Nature is dedicated to the education and exploration of our natural and scientific world. The Museum’s exhibits, education programs and collections help bridge the gap between scientists and anyone curious about our natural world. We educate and inspire all Alaskans in the areas of paleontology, geology, archeology, physics and more through exhibits and hands on learning. We serve minority and at-risk children in primary and secondary schools throughout Alaska including the Alaskan bush communities, with applied hands-on science. We collect, conserve, research and interpret natural history materials and data and serve as a resource to the Alaskan community. The Museum's educational programs and events, including Science Nights, Alaskan Dinosaurs, Geology, Ice Age Rocks workshops, and many more, are designed to introduce children to the fascinating world of science at an affordable price, allowing kids from all areas of Anchorage to enjoy the educational experience of a lifetime. The Museum offers workshops and outreach to area schools through dynamic, interactive, and unique workshops and Science Night activities.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
88.1% | 86.8% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.6% | 9.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.3% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
118.8 mo | 6.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.7% | 0.8% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
63.4% | 94.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-32.1% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
28.4% | 10.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-89.4% | 2.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $81K | $153K | $1.5M | 88.1% | 2 |
| 2023 | $119K | $119K | $1.6M | 85.6% | 2 |
| 2022 | $115K | $119K | $1.6M | 81.8% | 3 |
| 2021 | $115K | $113K | N/A | — | 1 |
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