Icebreaker Mackinac Maritime Museum Inc

Analysis

Icebreaker Mackinac Maritime Museum Inc is a registered charity in United States, based in Mackinaw City, MI. It received its IRS tax-exemption ruling in September 2005, 21 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, Icebreaker Mackinac Maritime Museum Inc reported income of $223k and spending of $258k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $282k to $223k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2021, when income rose by 43%. 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, Icebreaker Mackinac Maritime Museum Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Keane Sense of Rhythm Inc ($223k), Gustavo Dudamel Foundation Inc ($223k) and James Toland Vocal Arts Inc ($223k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 70% of the total. Other salaries and wages came to $142k. At year end it held assets of $2.2m against liabilities of $2,383, net assets of $2.2m. It reported 13 employees.