South Sound Maritime Heritage Assoc Iation

Analysis

South Sound Maritime Heritage Assoc Iation is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. 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, South Sound Maritime Heritage Assoc Iation reported income of $270k and spending of $242k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $270k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Sound Maritime Heritage Assoc Iation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Beverly Hills Police Foundation ($270k), Chazy After School Program ($270k) and Esdcta Inc ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. It paid $22k in professional fundraising fees. At year end it held assets of $125k against liabilities of $0, net assets of $125k.