LT Michael P Murphy Navy Seal Museum

Analysis

LT Michael P Murphy Navy Seal Museum is a registered charity in United States, based in West Sayville, NY. It received its IRS tax-exemption ruling in April 2017, 9 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, LT Michael P Murphy Navy Seal Museum reported income of $632k and spending of $782k, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $874k to $632k (-28%), an average of -6.3% a year. The sharpest change came in the year to December 2019, when income dropped by 52%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, LT Michael P Murphy Navy Seal Museum sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Five Wings Arts Council ($632k), Nineteenth Century Charitable Association ($632k) and Appalachian Ballet Company ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $125k (16% of expenses). Other salaries and wages came to $74k. At year end it held assets of $3.2m against liabilities of $452k, net assets of $2.8m. It reported 9 employees.