Destroyer Escort Historical Museum

Analysis

Destroyer Escort Historical Museum is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in February 2002, 24 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, Destroyer Escort Historical Museum reported income of $1.3m and spending of $993k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $840k to $1.3m (+51%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Destroyer Escort Historical Museum sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Portsmouth Music and Arts Center Inc ($1.3m), American Association of Teachers of German Inc ($1.3m) and Whidbey Institute ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $124k (12% of expenses). Other salaries and wages came to $190k. At year end it held assets of $3.3m against liabilities of $53k, net assets of $3.2m. It reported 17 employees.