Boothbay Sea and Science Center

Analysis

Boothbay Sea and Science Center is a registered charity in United States, based in East Boothbay, ME. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Boothbay Sea and Science Center reported income of $517k and spending of $404k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $517k (+209%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 182%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Boothbay Sea and Science Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Plymouth Canton Music Boosters ($517k), Redwood Assistance Foundation ($517k) and Greece Montessori School ($517k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $6,600 (1.6% of expenses). Other salaries and wages came to $144k. At year end it held assets of $1.8m against liabilities of $1.0m, net assets of $742k. It reported 15 employees.