Arts, Culture & Humanities (A500) IRS Verified DX Registered 990 on File

INDEPENDENCE SEAPORT MUSEUM

EIN: 23-1584971 · PHILADELPHIA, PA 19106-3101 · United States · FY 2024 Data

3 out of 5 58 / 100 Based on 2+ years of filings

Financial strength (30%) 83/100

Reliability (20%) 55/100

Effectiveness (25%) 88/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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Mission Statement

Maker Faire is an all-ages gathering of tech enthusiasts, inventors, garage tinkerers, science clubs, artists, startups, crafters, and hobbyists. These “makers” come to a Maker Faire to show what they have made and share what they have learned.

Financial Overview — FY 2024

$4.2M

Total Revenue

$5.7M

Total Expenses

$20.2M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 78.1%

Fundraising Efficiency 4825.2%

Operating Reserve 42.72x

Liability-to-Asset 7.3%

Revenue Diversification 52.9%

Executive Compensation $388K

Compared with Peers

FY 2024

Compared with 3,450 similar organizations (United States, Arts, Culture & Humanities, $1M–$10M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	78.1%	77.9%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	13.8%	14.4%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	8.2%	5.4%	P10P90	Below median
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	4825.2%	240.4%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	42.7 mo	16.5 mo	P10P90	Top quarter
Liabilities to assets Total liabilities / total assets · lower is better	7.3%	10.6%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	52.9%	74.5%	P10P90	Top quarter
Revenue growth Year over year revenue growth	37.2%	7.8%	P10P90
Expense growth Year over year expense growth	10.7%	8.0%	P10P90
Surplus margin Surplus as a share of revenue	-35.8%	-0.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$4.2M	$5.7M	$20.2M	78.1%	82
2023	$3.1M	$5.1M	$20.4M	78.6%	90
2022	$3.1M	$4.8M	$21.6M	83.6%	79
2021	$2.4M	$4.3M	N/A	—	57

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Organization Details

EIN: 23-1584971
State: PA
City: PHILADELPHIA
ZIP: 19106-3101
Classification: A500
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

★★★★★ 80–100 ★★★★☆ 60–79 ★★★☆☆ 40–59 ★★☆☆☆ 20–39 ★☆☆☆☆ 1–19

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