Jacksonville Historic Naval Ship Association Inc

Analysis

Jacksonville Historic Naval Ship Association Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in March 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Jacksonville Historic Naval Ship Association Inc reported income of $1.5m and spending of $603k, leaving 60% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $36k to $1.5m (+4109%), an average of +248% a year. The sharpest change came in the year to December 2021, when income rose by 605%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jacksonville Historic Naval Ship Association Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Springfield Museum of Art ($1.5m), Chambers County Childrens Museum ($1.5m) and Chisholm Trail Heritage Museum Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $37k. It paid $25k in professional fundraising fees. At year end it held assets of $3.7m against liabilities of $2.3m, net assets of $1.3m. It reported 2 employees.