National Maritime Heritage Foundation Inc

Analysis

National Maritime Heritage Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, National Maritime Heritage Foundation Inc reported income of $381k and spending of $424k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $448k to $381k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Maritime Heritage Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include Friends of Massey University ($381k), Cy-Fair High School Band Boosters ($381k) and South Butler Community Library ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Other salaries and wages came to $248k. At year end it held assets of $84k against liabilities of $158k, net assets of -$75k. It reported 34 employees.