Bremerton Historical Ships Association

Analysis

Bremerton Historical Ships Association is a registered charity in United States, based in Bremerton, WA. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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, Bremerton Historical Ships Association reported income of $505k and spending of $472k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $439k to $505k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 449%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bremerton Historical Ships Association sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Giles County Fire & Rescue Inc ($504k), Ewha Girls High School Alumnae Association of Southern California ($505k) and Sixth Branch Inc ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 71% of the total. Other salaries and wages came to $190k. At year end it held assets of $1.2m against liabilities of $8,967, net assets of $1.2m. It reported 10 employees.