Duxbury Bay Maritime School Inc

Analysis

Duxbury Bay Maritime School Inc is a registered charity in United States, based in Duxbury, MA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Duxbury Bay Maritime School Inc reported income of $3.0m and spending of $2.8m, spending 91% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $4.2m to $3.0m (-29%), an average of -8.1% a year. The sharpest change came in the year to October 2021, when income rose by 85%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Duxbury Bay Maritime School 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 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include South Hills Catholic Academy ($3.0m), Taylor University Broadcasting Inc ($3.0m) and Stone Bridge School ($3.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 33% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $113k (4.1% of expenses). Other salaries and wages came to $967k. At year end it held assets of $14.6m against liabilities of $353k, net assets of $14.2m. It reported 132 employees.