Institute for Marine Mammal Studies Inc

Analysis

Institute for Marine Mammal Studies Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in December 1995, 31 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 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 July 2023, Institute for Marine Mammal Studies Inc reported income of $4.6m and spending of $4.7m, spending 103% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.2m to $4.6m (+42%), an average of +9.1% a year. The sharpest change came in the year to July 2023, when income rose by 24%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Institute for Marine Mammal Studies 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 MS. Charities of a similar size with the same main cause include Great Lakes Theater Festival Inc ($4.6m), Duluth-Superior Area Educational Television Corporation ($4.6m) and Full Spectrum Features NFP ($4.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 27% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $340k (7.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $19.1m against liabilities of $788k, net assets of $18.3m. It reported 127 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.