Maritime Heritage Foundation of Beaufort North Carolina Inc

Analysis

Maritime Heritage Foundation of Beaufort North Carolina Inc is a registered charity in United States, based in Beaufort, NC. It received its IRS tax-exemption ruling in October 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, Maritime Heritage Foundation of Beaufort North Carolina Inc reported income of $108k and spending of $503k, spending 466% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $243k to $108k (-56%), an average of -18% a year. The sharpest change came in the year to December 2022, when income rose by 1952%. Over the whole period it spent 23% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maritime Heritage Foundation of Beaufort North Carolina Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Latino Leadership Alliance ($108k), Texas Filmmakers Corporation ($108k) and Lincoln School Foundation Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.