The Friends of the North Carolina Maritime Museum at Southport

Analysis

The Friends of the North Carolina Maritime Museum at Southport is a registered charity in United States, based in Southport, NC. It received its IRS tax-exemption ruling in April 1991, 35 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, The Friends of the North Carolina Maritime Museum at Southport reported income of $149k and spending of $125k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $205k to $149k (-28%), an average of -7.7% a year. The sharpest change came in the year to December 2021, when income rose by 214%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Friends of the North Carolina Maritime Museum at Southport sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include Ballet 314 ($149k), Gunnar Montana Productions ($149k) and Probasi of Charlotte ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 0.9% of the total. Other salaries and wages came to $17k. At year end it held assets of $894k against liabilities of $1,258, net assets of $893k. It reported 3 employees.