St Augustine Lighthouse & Maritime Museum Inc

Analysis

St Augustine Lighthouse & Maritime Museum Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in August 1998, 28 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 June 2023, St Augustine Lighthouse & Maritime Museum Inc reported income of $5.2m and spending of $4.1m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.2m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 86% 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 Augustine Lighthouse & Maritime Museum Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Research for Action Inc ($5.2m), Wallowa Resources ($5.2m) and Boston Early Music Festival Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 53% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $7.8m against liabilities of $1.1m, net assets of $6.6m.