Erie Maritime Foundation

Analysis

Erie Maritime Foundation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Erie Maritime Foundation reported income of $93k and spending of $73k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $280k to $93k (-67%), an average of -31% a year. The sharpest change came in the year to June 2021, when income dropped by 64%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erie Maritime Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within PA. Charities of a similar size with the same main cause include Oak Park High School Parent Faculty Association ($93k), Scholarship Assistance Fund ($93k) and Riegelsville Public Library ($93k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 16% of the total. At year end it held assets of $688k against liabilities of $45k, net assets of $643k.