National Marine Life Center Inc

Analysis

National Marine Life Center Inc is a registered charity in United States, based in Pocasset, MA. It received its IRS tax-exemption ruling in October 1996, 30 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, National Marine Life Center Inc reported income of $926k and spending of $707k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $432k to $926k (+114%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Marine Life Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Imani Winds Foundation Inc ($926k), Campbell County Training School Complex ($926k) and Museum of Northern Arizonaendowment Foundation ($926k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $272k. At year end it held assets of $3.8m against liabilities of $72k, net assets of $3.7m. It reported 15 employees.