Barnegat Bay Decoy & Baymens Museum

Analysis

Barnegat Bay Decoy & Baymens Museum is a registered charity in United States, based in Tuckerton, NJ. It received its IRS tax-exemption ruling in May 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Barnegat Bay Decoy & Baymens Museum reported income of $914k and spending of $899k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $763k to $914k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Barnegat Bay Decoy & Baymens Museum sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Morys Preservation Inc ($914k), Christian Arts and Theatre of Corona ($914k) and Albany Museum of Art Incorporated ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 21% of the total. Other salaries and wages came to $411k. At year end it held assets of $4.6m against liabilities of $2.7m, net assets of $1.9m. It reported 34 employees.