National Coast Guard Museum Association Inc

Analysis

National Coast Guard Museum Association Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in November 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, National Coast Guard Museum Association Inc reported income of $5.2m and spending of $2.9m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $5.2m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 41% 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 Coast Guard Museum Association Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Shunpike ($5.2m), The Arts Connection Inc ($5.2m) and Wallowa Resources ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $376k (13% of expenses). Other salaries and wages came to $1.1m. It paid $126k in professional fundraising fees. At year end it held assets of $31.5m against liabilities of $1.3m, net assets of $30.2m. It reported 17 employees.