Nantucket Lightship Basket Museum Inc

Analysis

Nantucket Lightship Basket Museum Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in November 1997, 29 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, Nantucket Lightship Basket Museum Inc reported income of $162k and spending of $80k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $428k to $162k (-62%), an average of -22% a year. The sharpest change came in the year to December 2022, when income rose by 1022%. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nantucket Lightship Basket Museum Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Hamilton County Historical Society ($162k), Coast Guard Aviation Association Ancient Order of the Pterodactyl ($162k) and Rough House Theater Company ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $2.5m against liabilities of $22k, net assets of $2.5m.