National Maritime Museum of the Gulf of Mexico

Analysis

National Maritime Museum of the Gulf of Mexico is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in February 1994, 32 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, National Maritime Museum of the Gulf of Mexico reported income of $100k and spending of $33k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $100k (-95%), an average of -53% a year. The sharpest change came in the year to December 2020, when income dropped by 93%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Maritime Museum of the Gulf of Mexico sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within AL. Charities of a similar size with the same main cause include CRCL Inc ($100k), Brigham Young Center Foundation ($100k) and Communitarian Network ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11.4m against liabilities of $990k, net assets of $10.4m.