Marquette Maritime Museum

Analysis

Marquette Maritime Museum is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in January 1981, 45 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, Marquette Maritime Museum reported income of $141k and spending of $127k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $141k (-9.5%), an average of -9.5% a year. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marquette Maritime Museum sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Michael Chekhov Association Inc ($141k), Great Lakes Performing Artist Associates ($141k) and Setting the Stage ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 59% of the total. At year end it held assets of $342k against liabilities of $2,531, net assets of $340k.