Camden Shipyard and Maritime Museum

Analysis

Camden Shipyard and Maritime Museum is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in July 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Camden Shipyard and Maritime Museum reported income of $174k and spending of $180k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $54k to $174k (+223%), an average of +48% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 128% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Camden Shipyard and Maritime Museum sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include San Diego Womens Chorus ($174k), Contra Costa Chinese School ($174k) and River City Theatre Company ($174k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $2.4m against liabilities of $196k, net assets of $2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.