Maritime Museum Association of San Diego

Analysis

Maritime Museum Association of San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 1967, 59 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, Maritime Museum Association of San Diego reported income of $4.4m and spending of $5.0m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $4.4m (-2.2%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maritime Museum Association of San Diego sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Montclair Art Museum ($4.4m), Museum of Science and Industry Inc ($4.4m) and National Assembly of State Arts Agencies ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $17.3m against liabilities of $2.2m, net assets of $15.1m. It reported 66 employees.