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Arts, Culture & Humanities · 2023 Form 990

Science Museum Of Minnesota: $35.1M Revenue, $31.2M Program Expenses

Saint Paul, Minnesota · EIN 410706172 · Filing year 2023

Science Museum Of Minnesota reported $35.1M in total revenue, $40.0M in total expenses, and $119.4M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($31.2M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (72/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

B
Efficiency Score
72/100

Key Facts (2023 Form 990)

Total Revenue
$35.1M
Total Expenses
$40.0M
Program Expenses
$31.2M
Program Expense Ratio
78.0%
Total Assets
$119.4M
Reserve Months
35.9 months
EIN
410706172
Latest 990 Year
2023
Top Officer Compensation
Not reported

Science Museum Of Minnesota grades a B on the nonprofit efficiency rubric. 72/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

Science Museum Of Minnesota reported $35.1M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Program-spending efficiency is strong: 80% of total expenses flow to program activities, above the 75% benchmark most third-party charity raters use.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Science Museum Of Minnesota's 2023 revenue is materially below its earlier filings. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Science Museum Of Minnesota sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$35.1M
Revenue
$40.0M
Expenses
$119.4M
Total Assets
78.0%
Program Spending

How Science Museum Of Minnesota Compares

Science Museum Of Minnesota directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 72/100 is 3 points above the Arts, Culture & Humanities category average. The organization holds 35.9 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$31.2M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
35.9 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Science Museum Of Minnesota, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Science Museum Of Minnesota has an Efficiency Score of B (72/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Science Museum Of Minnesota, Donor FAQ

Science Museum Of Minnesota has an Efficiency Score of B (72/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Science Museum Of Minnesota is not reported in the most recent IRS 990 filing on file.

Science Museum Of Minnesota reported $35.1M in annual revenue and $40.0M in total expenses for filing year 2023. The organization holds $119.4M in total assets.

For every dollar donated to Science Museum Of Minnesota, approximately 78.0 cents goes to program activities. The organization has 35.9 months of operating reserves, providing financial stability to sustain its mission.

Science Museum Of Minnesota is a registered 501(c) organization with EIN 410706172, based in Saint Paul, Minnesota. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.