Marine Discovery Center Inc

Analysis

Marine Discovery Center Inc is a registered charity in United States, based in New Smyrna, FL. It received its IRS tax-exemption ruling in March 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Marine Discovery Center Inc reported income of $1.4m and spending of $1.0m, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $832k to $1.4m (+71%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marine Discovery Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Museum of the New South Inc ($1.4m), Cyt Chicago Inc ($1.4m) and Kaneko ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 32% of the total. Other salaries and wages came to $498k. At year end it held assets of $2.3m against liabilities of $270k, net assets of $2.1m. It reported 29 employees.