New Hampshire Boat Museum

Analysis

New Hampshire Boat Museum is a registered charity in United States, based in Moultonboro, NH. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hampshire Boat Museum reported income of $891k and spending of $601k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $652k to $891k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 482%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Hampshire Boat Museum sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within NH. Charities of a similar size with the same main cause include Ariel Cultural & Performing Arts Centre Inc ($891k), Casa 0101 Inc ($891k) and Sound Experience ($891k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). Other salaries and wages came to $135k. At year end it held assets of $5.4m against liabilities of $87k, net assets of $5.3m. It reported 28 employees.