Steamship Historical Society of America Inc

Analysis

Steamship Historical Society of America Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in July 2010, 16 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, Steamship Historical Society of America Inc reported income of $627k and spending of $614k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $562k to $627k (+11%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Steamship Historical Society of America Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within RI. Charities of a similar size with the same main cause include Platteforum ($627k), Liberty Center Association for the Arts ($627k) and Make Startups Institute Inc ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $266k. At year end it held assets of $1.1m against liabilities of $457k, net assets of $608k. It reported 10 employees.