Charles F Chapman School of Seamanship Inc

Analysis

Charles F Chapman School of Seamanship Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in November 1972, 54 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Charles F Chapman School of Seamanship Inc reported income of $2.2m and spending of $2.4m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.2m to $2.2m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to September 2020, when income dropped by 17%. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charles F Chapman School of Seamanship Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Grand Rapids Childrens Museum ($2.2m), The Bellevue Art Museum ($2.2m) and Powers Music School Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $279k (11% of expenses). Other salaries and wages came to $591k. At year end it held assets of $4.6m against liabilities of $411k, net assets of $4.2m. It reported 18 employees.