Kodiak Maritime Museum and Art Center

Analysis

Kodiak Maritime Museum and Art Center is a registered charity in United States, based in Kodiak, AK. It received its IRS tax-exemption ruling in December 2002, 24 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, Kodiak Maritime Museum and Art Center reported income of $76k and spending of $95k, spending 125% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $164k to $76k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kodiak Maritime Museum and Art Center sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within AK. Charities of a similar size with the same main cause include Commonwealth Artists Student Theatre Inc ($76k), Healdsburg Community Chorus ($76k) and San Gennaro Foundation-Seattle ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 11% of the total. At year end it held assets of $423k against liabilities of $0, net assets of $423k.