Mariners Museum TR No 1 P03583005

Analysis

Mariners Museum TR No 1 P03583005 is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Mariners Museum TR No 1 P03583005 reported income of $2.7m and spending of $2.0m, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.2m to $2.7m (+24%), an average of +5.6% a year. The sharpest change came in the year to August 2021, when income rose by 169%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mariners Museum TR No 1 P03583005 sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Artsnow Inc ($2.7m), Bucks Rock Camp Inc ($2.7m) and Agriculture Heritage Museum Inc ($2.7m).

Compensation of current officers, directors and key employees was $87k (4.5% of expenses). At year end it held assets of $30.0m against liabilities of $0, net assets of $30.0m.