United States Maritime Resource Center

Analysis

United States Maritime Resource Center is a registered charity in United States, based in Eagan, MN. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, United States Maritime Resource Center reported income of $1.6m and spending of $1.4m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, United States Maritime Resource Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Igarape Inc ($1.6m), Exodus World Service ($1.6m) and Institute for Social Policy and Understanding ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $387k (28% of expenses). Other salaries and wages came to $160k. At year end it held assets of $900k against liabilities of $303k, net assets of $597k. It reported 12 employees.