Calvert Marine Museum Society Inc

Analysis

Calvert Marine Museum Society Inc is a registered charity in United States, based in Solomons, MD. It received its IRS tax-exemption ruling in April 1985, 41 years ago. 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 June 2024, Calvert Marine Museum Society Inc reported income of $2.0m and spending of $1.4m, leaving 31% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.6m to $2.0m (+25%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Calvert Marine Museum Society Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include Saloc ($2.0m), Eagle Creek Education Fund ($2.0m) and Arc of St Clair County ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 34% of the total. At year end it held assets of $11.1m against liabilities of $1.5m, net assets of $9.7m.