Tybee Island Marine Science Foundation Inc

Analysis

Tybee Island Marine Science Foundation Inc is a registered charity in United States, based in Tybee Island, GA. It received its IRS tax-exemption ruling in December 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tybee Island Marine Science Foundation Inc reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $825k to $1.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 34%. 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, Tybee Island Marine Science Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Port Aransas Art Center ($1.1m), Doulas Latinas International ($1.1m) and Ohr-Okeefe Museum of Art Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $71k (6.8% of expenses). Other salaries and wages came to $514k. At year end it held assets of $1.4m against liabilities of $40k, net assets of $1.3m. It reported 35 employees.