North Shore Maritime Center Inc

Analysis

North Shore Maritime Center Inc is a registered charity in United States, based in Swampscott, MA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, North Shore Maritime Center Inc reported income of $83k and spending of $66k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $108k to $83k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, North Shore Maritime Center Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Weston Intermediate School PTO Inc ($83k), Educational Foundation for Rockport Inc ($83k) and Center Grove Elementary School PTO ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.