Shoreline Historical Museum

Analysis

Shoreline Historical Museum is a registered charity in United States, based in Shoreline, WA. It received its IRS tax-exemption ruling in December 1975, 51 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, Shoreline Historical Museum reported income of $738k and spending of $212k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $738k (-40%), an average of -12% a year. The sharpest change came in the year to December 2023, when income rose by 511%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shoreline Historical Museum sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Saint Louis Art Fair ($738k), Northbrook Hockey League ($738k) and Friends of the Drexel ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $51k (24% of expenses). Other salaries and wages came to $740. It paid $120 in professional fundraising fees. At year end it held assets of $3.3m against liabilities of $100k, net assets of $3.2m. It reported 3 employees.