United States Lightship Museum Inc

Analysis

United States Lightship Museum Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in May 2009, 17 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 June 2023, United States Lightship Museum Inc reported income of $266k and spending of $282k, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $321k to $266k (-17%), an average of -6.1% a year. The sharpest change came in the year to June 2021, when income rose by 198%. Over the whole period it spent 123% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United States Lightship Museum Inc sits at the 66th percentile: it is larger than about 66% 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 Williams Project ($266k), Lithuanian Research & Studies Center Inc ($266k) and Guerilla Opera Inc ($266k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $155k against liabilities of $375k, net assets of -$220k.