Apalachicola Maritime Museum

Analysis

Apalachicola Maritime Museum is a registered charity in United States, based in Eastpoint, FL. It received its IRS tax-exemption ruling in January 2008, 18 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, Apalachicola Maritime Museum reported income of $74k and spending of $6,653, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $22k to $74k (+235%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 1299%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Apalachicola Maritime Museum sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include New York Flute Club Inc ($74k), Jasper Project Inc ($74k) and Thousand Island Park Foundation Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $994k against liabilities of $0, net assets of $994k.