Hull Lifesaving Museum Inc

Analysis

Hull Lifesaving Museum Inc is a registered charity in United States, based in Hull, MA. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Hull Lifesaving Museum Inc reported income of $385k and spending of $442k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $318k to $385k (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 88%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hull Lifesaving Museum Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Bartholomew County Historical Society ($385k), LA Crosse Performing Arts Center Inc ($385k) and Stone Mountain Highland Games Inc ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $75k (17% of expenses). Other salaries and wages came to $165k. At year end it held assets of $1.1m against liabilities of $86k, net assets of $1.0m. It reported 17 employees.