Puget Sound Maritime Historical Society Inc

Analysis

Puget Sound Maritime Historical Society Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 1952, 74 years ago. 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, Puget Sound Maritime Historical Society Inc reported income of $136k and spending of $103k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $195k to $136k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Puget Sound Maritime Historical Society Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within WA. Charities of a similar size with the same main cause include Alternative Lifestyles Inc ($136k), Manuscript Society ($136k) and Nurse Practitioner Association of Long Island Inc ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 22% of the total. At year end it held assets of $185k against liabilities of $753, net assets of $184k.