Antique Boat Museum

Analysis

Antique Boat Museum is a registered charity in United States, based in Clayton, NY. It received its IRS tax-exemption ruling in February 1987, 39 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, Antique Boat Museum reported income of $2.2m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.2m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Antique Boat Museum sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Family Online Safety Institute - US ($2.2m), World Sleep Foundation ($2.2m) and Musical Theater Heritage Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 21% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $21.7m against liabilities of $1.4m, net assets of $20.3m. It reported 35 employees.