Transcribing Mariners

Analysis

Transcribing Mariners is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 June 2024, Transcribing Mariners reported income of $1.0m and spending of $1.0m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $912k to $1.0m (+9.7%), an average of +2.3% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transcribing Mariners sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Saint Martins Ministries ($1.0m), The Companions of the Cross ($1.0m) and Northland Lutheran Housing for the Elderly Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $180k (17% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.8m against liabilities of $1,511, net assets of $1.8m. It reported 3 employees.