Shell Museum and Educational Foundation Inc

Analysis

Shell Museum and Educational Foundation Inc is a registered charity in United States, based in Sanibel, FL. It received its IRS tax-exemption ruling in July 1987, 39 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 2022, Shell Museum and Educational Foundation Inc reported income of $2.2m and spending of $2.1m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.4m to $2.2m (-5.7%), an average of -1.9% a year. 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, Shell Museum and Educational Foundation 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 United Arts Council of Raleigh and Wake County Inc ($2.2m), State of Alabama Ballet Inc ($2.2m) and San Diego Childrens Discovery Museum ($2.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 82% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $126k (6.0% of expenses). At year end it held assets of $11.4m against liabilities of $101k, net assets of $11.3m.