Mote Marine Foundation Inc

Analysis

Mote Marine Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in April 1983, 43 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mote Marine Foundation Inc reported income of $570k and spending of $508k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $570k (-44%), an average of -14% a year. The sharpest change came in the year to September 2021, when income rose by 138%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mote Marine Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Brooke of Life ($570k), Post Classical Ensemble Inc ($570k) and Korean American Museum Inc ($570k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% of the total. Compensation of current officers, directors and key employees was $5,000 (1.0% of expenses). At year end it held assets of $19.0m against liabilities of $454k, net assets of $18.6m.