Sag Harbor Whaling & Historical Museum

Analysis

Sag Harbor Whaling & Historical Museum is a registered charity in United States, based in Sag Harbor, NY. It received its IRS tax-exemption ruling in November 1971, 55 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 2023, Sag Harbor Whaling & Historical Museum reported income of $155k and spending of $180k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $155k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sag Harbor Whaling & Historical Museum sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Tuxedo Historical Society ($155k), National Emergency Medical Services Memorial Service ($155k) and Arkansas Center for Nursing Inc ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 65% of the total. Other salaries and wages came to $64k. At year end it held assets of $318k against liabilities of $19k, net assets of $299k. It reported 3 employees.