Saginaw Valley Naval Ship Museum Committee

Analysis

Saginaw Valley Naval Ship Museum Committee is a registered charity in United States, based in Bay City, MI. It received its IRS tax-exemption ruling in June 1997, 29 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, Saginaw Valley Naval Ship Museum Committee reported income of $251k and spending of $336k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $251k (+181%), an average of +29% a year. The sharpest change came in the year to December 2021, when income rose by 143%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saginaw Valley Naval Ship Museum Committee sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Oklahoma Bioscience Institute ($251k), Youth Inspirations Theatre Inc ($251k) and Women in Media Inc ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $20k (6.0% of expenses). Other salaries and wages came to $27k. At year end it held assets of $2.2m against liabilities of $337k, net assets of $1.9m. It reported 5 employees.