Cape Cod Maritime Museum Inc

Analysis

Cape Cod Maritime Museum Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in June 2001, 25 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, Cape Cod Maritime Museum Inc reported income of $595k and spending of $595k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $595k (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Cod Maritime Museum Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Hill Dance Academy Theatre-Hdat ($595k), Colorado Forum Fund Inc ($595k) and Chops Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 25% of the total. Other salaries and wages came to $282k. At year end it held assets of $2.0m against liabilities of $46k, net assets of $1.9m. It reported 18 employees.