Black in Marine Science

Analysis

Black in Marine Science is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover science and technology, 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, Black in Marine Science reported income of $1.3m and spending of $1.9m, spending 145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.7m to $1.3m (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Black in Marine Science sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Wisconsin Maritime Museum Inc ($1.3m), Mars Hill Broadcasting Co Inc ($1.3m) and Devils Tower Natural History Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $160k (8.5% of expenses). Other salaries and wages came to $261k. It paid $141k in professional fundraising fees. At year end it held assets of $668k against liabilities of $29k, net assets of $639k. It reported 9 employees.