National Marine Institute Inc

Analysis

National Marine Institute Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, National Marine Institute Inc reported income of $103k and spending of $99k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $103k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Marine Institute Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Bay Area Financial Education Foundation ($103k), Williamsburg Aviation Scholarship Program ($103k) and Korean American Society of Virginia ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $22k. At year end it held assets of $149k against liabilities of $589k, net assets of -$440k. It reported 1 employees.