Uss Constitution Museum Inc

Analysis

Uss Constitution Museum Inc is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in January 1973, 53 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 March 2023, Uss Constitution Museum Inc reported income of $3.5m and spending of $3.5m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.6m to $3.5m (+34%), an average of +7.7% a year. The sharpest change came in the year to March 2022, when income rose by 104%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Uss Constitution Museum Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Boxcar Theatre Inc ($3.5m), American Research Center in Egypt Inc ($3.5m) and Asahi Gakuen ($3.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 60% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $356k (10% of expenses). Other salaries and wages came to $1.3m. It paid $281k in professional fundraising fees. At year end it held assets of $12.9m against liabilities of $501k, net assets of $12.4m. It reported 37 employees.