International Mermaid Museum

Analysis

International Mermaid Museum is a registered charity in United States, based in Aberdeen, WA. It received its IRS tax-exemption ruling in April 2020, 6 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, International Mermaid Museum reported income of $127k and spending of $94k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $127k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Mermaid Museum sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within WA. Charities of a similar size with the same main cause include Milan Historical Museum ($127k), Friends of the Danbury Museum & Historical Society Authority Inc ($127k) and Wild Rumpus Events Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 37% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.