Morro Bay Maritime Museum

Analysis

Morro Bay Maritime Museum is a registered charity in United States, based in Morro Bay, CA. It received its IRS tax-exemption ruling in January 1995, 31 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, Morro Bay Maritime Museum reported income of $157k and spending of $123k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $179k to $157k (-13%), an average of -12% a year. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morro Bay Maritime Museum sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Music Company TMC ($157k), Natchez Opera Festival Inc ($157k) and Ypc National Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $480k against liabilities of $22, net assets of $480k.