Marine Studies Consortium

Analysis

Marine Studies Consortium is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Marine Studies Consortium reported income of $63k and spending of $62k, spending 98% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $99k to $63k (-36%), an average of -36% a year. The sharpest change came in the year to August 2023, when income dropped by 36%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marine Studies Consortium sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Dance Inc ($63k), Korean War Memorial Society ($63k) and African American Museum of History and Culture at Loray Mill ($63k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. At year end it held assets of $127k against liabilities of $30k, net assets of $97k.