Delmarva Discovery Center & Museum Inc

Analysis

Delmarva Discovery Center & Museum Inc is a registered charity in United States, based in Pocomoke City, MD. It received its IRS tax-exemption ruling in April 2001, 25 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, Delmarva Discovery Center & Museum Inc reported income of $260k and spending of $396k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $381k to $260k (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 150% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Delmarva Discovery Center & Museum Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Friends of the Visual Arts ($260k), Gracie Mansion Conservancy ($260k) and Photography Without Borders ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $55k (14% of expenses). Other salaries and wages came to $148k. At year end it held assets of $659k against liabilities of $153k, net assets of $506k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.