Chatham Marconi Maritime Center Inc

Analysis

Chatham Marconi Maritime Center Inc is a registered charity in United States, based in North Chatham, MA. It received its IRS tax-exemption ruling in February 2003, 23 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, Chatham Marconi Maritime Center Inc reported income of $368k and spending of $259k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $175k to $368k (+111%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chatham Marconi Maritime Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Stepping Stone Museum Association Inc ($368k), Netherland Inn Exchange Place Association Inc ($369k) and Rock Hill Symphony Orchestra ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 15% of the total. Other salaries and wages came to $120k. At year end it held assets of $1.4m against liabilities of $84k, net assets of $1.3m. It reported 5 employees.