Santa Barbara Maritime Museum

Analysis

Santa Barbara Maritime Museum is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, Santa Barbara Maritime Museum reported income of $2.4m and spending of $2.0m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.4m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Santa Barbara Maritime Museum sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include The Long Island Museum of American Art History & Carriages ($2.4m), Universal Hip Hop Museum ($2.4m) and Georgia Trust for Historic Preservation Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $153k (7.7% of expenses). Other salaries and wages came to $778k. At year end it held assets of $5.0m against liabilities of $528k, net assets of $4.5m. It reported 26 employees.