North American Maritime Ministry Association

Analysis

North American Maritime Ministry Association is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in June 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 December 2023, North American Maritime Ministry Association reported income of $264k and spending of $406k, spending 154% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $392k to $264k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North American Maritime Ministry Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include New Creation Baptist Church ($264k), Oakland Youth Orchestras Inc ($264k) and Dorcas Ministries ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $98k (24% of expenses). At year end it held assets of $537k against liabilities of $2,634, net assets of $535k.