Eastern Shores Own Inc

Analysis

Eastern Shores Own Inc is a registered charity in United States, based in Belle Haven, VA. It received its IRS tax-exemption ruling in July 1989, 37 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 June 2023, Eastern Shores Own Inc reported income of $132k and spending of $201k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $221k to $132k (-40%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 122%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eastern Shores Own Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within VA. Charities of a similar size with the same main cause include Virginia Beach Maritime Museum Inc ($132k), Deep Borehole Demonstration Center ($132k) and Santa Barbara Dance Institute ($132k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 89% of the total. Other salaries and wages came to $63k. At year end it held assets of $117k against liabilities of $64k, net assets of $53k. It reported 3 employees.