Whaling Museum Society Inc

Analysis

Whaling Museum Society Inc is a registered charity in United States, based in Cold SPG HBR, NY. It received its IRS tax-exemption ruling in October 1947, 79 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, Whaling Museum Society Inc reported income of $681k and spending of $606k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $681k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Whaling Museum Society Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Weehawken Creative Arts ($681k), Red River Theatres Inc ($681k) and Sadlers Wells Association Inc ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $90k (15% of expenses). Other salaries and wages came to $270k. At year end it held assets of $3.3m against liabilities of $14k, net assets of $3.3m. It reported 17 employees.