Port Townsend Marine Science Center

Analysis

Port Townsend Marine Science Center is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in February 1983, 43 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, Port Townsend Marine Science Center reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $927k to $1.1m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Port Townsend Marine Science Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include The 390th Memorial Museum Foundation ($1.1m), Craft Guild of Dallas Inc ($1.1m) and Sonoma Valley Museum of Art ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $84k (7.8% of expenses). Other salaries and wages came to $431k. At year end it held assets of $3.6m against liabilities of $1.8m, net assets of $1.9m. It reported 20 employees.