East End Seaport Museum and Marine

Analysis

East End Seaport Museum and Marine is a registered charity in United States, based in Greenport, NY. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, East End Seaport Museum and Marine reported income of $307k and spending of $347k, spending 113% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $288k to $307k (+6.7%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East End Seaport Museum and Marine sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Project Return Florida Inc ($307k), Tunica County Community Development Coalition ($307k) and Cement Masons Joint Apprenticeship Committee Local Number 404 ($307k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Other salaries and wages came to $100k. At year end it held assets of $347k against liabilities of $3,331, net assets of $343k. It reported 10 employees.