Columbia River Maritime Museum Inc

Analysis

Columbia River Maritime Museum Inc is a registered charity in United States, based in Astoria, OR. It received its IRS tax-exemption ruling in June 1963, 63 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Columbia River Maritime Museum Inc reported income of $21.4m and spending of $3.7m, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $21.4m (+837%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 287%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Columbia River Maritime Museum Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within OR. Charities of a similar size with the same main cause include Cleveland Museum of Natural History ($21.4m), Pennsylvania Ballet Association ($21.4m) and Independent Television Service Inc ($21.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $269k (7.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $44.5m against liabilities of $319k, net assets of $44.2m. It reported 37 employees.