Long Island Maritime Museum

Analysis

Long Island Maritime Museum is a registered charity in United States, based in West Sayville, NY. It received its IRS tax-exemption ruling in July 1994, 32 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, Long Island Maritime Museum reported income of $429k and spending of $470k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $429k (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 33%. 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, Long Island Maritime Museum sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Islamic Academy of Youngstown Corp ($429k), Davis Musical Theatre Company ($429k) and District of Columbia Arts Center Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 26% of the total. Other salaries and wages came to $245k. At year end it held assets of $1.0m against liabilities of $23k, net assets of $1.0m. It reported 24 employees.