Arques Maritime Preservation Foundation

Analysis

Arques Maritime Preservation Foundation is a registered charity in United States, based in Sausalito, CA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Arques Maritime Preservation Foundation reported income of $185k and spending of $386k, spending 209% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $185k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 226% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arques Maritime Preservation Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Society of the Muse of the Southwest ($185k), Pittsylvania Christian Service Camp ($185k) and Beacon Harbor It Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $37k (9.6% of expenses). Other salaries and wages came to $16k. At year end it held assets of $4.9m against liabilities of $0, net assets of $4.9m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.