National Maritime Historical Society

Analysis

National Maritime Historical Society is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in April 1964, 62 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 December 2023, National Maritime Historical Society reported income of $837k and spending of $906k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $743k to $837k (+13%), an average of +3.0% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Maritime Historical Society sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Virginia Waring International Piano Competition ($837k), Franklin County Community Housing Council Inc ($837k) and The Milwaukee Rehabilitation Center Inc ($837k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $61k (6.7% of expenses). Other salaries and wages came to $385k. At year end it held assets of $1.3m against liabilities of $305k, net assets of $1.0m. It reported 9 employees.