Destin Fishing Museum Foundation Inc

Analysis

Destin Fishing Museum Foundation Inc is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in September 2004, 22 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, Destin Fishing Museum Foundation Inc reported income of $236k and spending of $186k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $138k to $236k (+71%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Destin Fishing Museum Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Ariel Rivka Dance Inc ($236k), Richards Institute of Education Through Music ($236k) and Friends of Fieldworkers Inc ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $43k (23% of expenses). Other salaries and wages came to $36k. At year end it held assets of $473k against liabilities of $6,376, net assets of $466k. It reported 4 employees.