Grays Harbor Historical Seaport Authority

Analysis

Grays Harbor Historical Seaport Authority is a registered charity in United States, based in Aberdeen, WA. It received its IRS tax-exemption ruling in February 1993, 33 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 (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, Grays Harbor Historical Seaport Authority reported income of $951k and spending of $1.2m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $951k (-37%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Grays Harbor Historical Seaport Authority sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within WA. Charities of a similar size with the same main cause include Notes in Motion Inc ($951k), Center for Communication Inc ($951k) and Neutral Zone ($950k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $79k (6.6% of expenses). Other salaries and wages came to $330k. At year end it held assets of $5.3m against liabilities of $650k, net assets of $4.7m. It reported 29 employees.