Puget Sound Voyaging Society

Analysis

Puget Sound Voyaging Society is a registered charity in United States, based in Chimacum, WA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Puget Sound Voyaging Society reported income of $160k and spending of $131k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $178k to $160k (-10%), an average of -10% a year. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Puget Sound Voyaging Society sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Liberty Creek High School Band Boosters ($160k), Hagia Sophia Classical Academy Inc ($160k) and Meadowdale Sports Booster Club ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $346k against liabilities of $0, net assets of $346k.