Charity Search / RED WING MARINE MUSEUM
Arts, Culture & Humanities (A50) 990 on File

RED WING MARINE MUSEUM

EIN: 45-2827019 · RED WING, MN 55066-1927 · United States · FY 2024 Data
3 out of 5 47 / 100 Based on 2+ years of filings
Financial strength (30%) 71/100
Reliability (20%) 50/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$29K
Total Revenue
$18K
Total Expenses
$173K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 99.8%
Fundraising Efficiency N/A
Operating Reserve 117.18x
Liability-to-Asset 14.0%
Revenue Diversification 95.2%
Compared with Peers
FY 2024
Compared with 11,905 similar organizations (United States, Arts, Culture & Humanities, under $100K 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
99.8% 82.6%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
117.2 mo 16.5 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
14.0% 0.0%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
95.2% 89.4%
P10P90
Below median
Revenue growth
Year over year revenue growth
288.2% 1.6%
P10P90
Expense growth
Year over year expense growth
-35.8% 1.2%
P10P90
Surplus margin
Surplus as a share of revenue
39.1% 9.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $29K $18K $173K 99.8% —
2023 $7K $28K $161K 99.8% —
2022 $11K $16K $181K 99.8% —
2021 $47K $11K N/A — 1
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Organization Details
EIN
45-2827019
State
MN
City
RED WING
ZIP
55066-1927
Classification
A50
Category
Arts, Culture & Humanities
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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