Friends of the Marine Science Center Inc

Analysis

Friends of the Marine Science Center Inc is a registered charity in United States, based in Ponce Inlet, FL. It received its IRS tax-exemption ruling in November 2001, 25 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, Friends of the Marine Science Center Inc reported income of $94k and spending of $191k, spending 203% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $241k to $94k (-61%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Marine Science Center Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Hogansville Charitable Trust Inc ($94k), Ashland Balloonfest Inc ($94k) and Maine Music Society ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 12% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.