Oliver Hazard Perry Shipyard

Analysis

Oliver Hazard Perry Shipyard is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Oliver Hazard Perry Shipyard reported income of $810k and spending of $410k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $501k to $810k (+62%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 61096%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oliver Hazard Perry Shipyard sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Lexington Friends of the Arts Inc ($810k), Kids at Their Best Inc ($810k) and Wintergreen Performing Arts Inc Janice Peskin ($810k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $37k (9.0% of expenses). At year end it held assets of $697k against liabilities of $184k, net assets of $513k. It reported 1 employees.