Florida Keys History and Diving Museum Inc

Analysis

Florida Keys History and Diving Museum Inc is a registered charity in United States, based in Islamorada, FL. It received its IRS tax-exemption ruling in October 2000, 26 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 September 2023, Florida Keys History and Diving Museum Inc reported income of $703k and spending of $447k, leaving 36% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $666k to $703k (+5.6%), an average of +1.4% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florida Keys History and Diving Museum Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Washington Monthly Institute Inc ($703k), Island City Stage ($703k) and Artolution Inc ($703k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 37% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $93k (21% of expenses). Other salaries and wages came to $174k. At year end it held assets of $4.6m against liabilities of $8,505, net assets of $4.6m. It reported 9 employees.