St Marys Submarine Museum Inc

Analysis

St Marys Submarine Museum Inc is a registered charity in United States, based in Saint Marys, GA. It received its IRS tax-exemption ruling in August 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 (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, St Marys Submarine Museum Inc reported income of $279k and spending of $273k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $279k (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, St Marys Submarine Museum Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Dance-New Jersey Inc ($279k), Cormont Music ($279k) and The Colorado State Fair Foundation ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $65k (24% of expenses). Other salaries and wages came to $30k. At year end it held assets of $336k against liabilities of $4,159, net assets of $332k. It reported 5 employees.