Museum of New Jersey Maritime History Inc

Analysis

Museum of New Jersey Maritime History Inc is a registered charity in United States, based in Beach Haven, NJ. It received its IRS tax-exemption ruling in July 2006, 20 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, Museum of New Jersey Maritime History Inc reported income of $122k and spending of $198k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $122k (-45%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Museum of New Jersey Maritime History Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 50th percentile within NJ. Charities of a similar size with the same main cause include Living Earth Productions ($122k), Bluegrass Heritage Museum Inc ($122k) and 5 & Dime a Theatre Company ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $3.4m against liabilities of $300k, net assets of $3.1m.