Havre de Grace Maritime Museum Inc

Analysis

Havre de Grace Maritime Museum Inc is a registered charity in United States, based in Hvre de Grace, MD. It received its IRS tax-exemption ruling in April 1990, 36 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, Havre de Grace Maritime Museum Inc reported income of $191k and spending of $164k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $191k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Havre de Grace Maritime Museum Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MD. Charities of a similar size with the same main cause include Oklahoma Shakespearean Festival ($191k), Mitford Museum ($191k) and Chinese Free Masons Athletic Club Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $121k (74% of expenses). At year end it held assets of $669k against liabilities of $0, net assets of $669k.