PACIFIC BATTLESHIP CENTER
Mission Statement
The Pacific Battleship Center is the caretaker of the USS IOWA and is creating an interactive naval experience that honors and illustrates the positive contributions of this battleship and her crew at critical moments in American history. Our education programs offer lessons in history, leadership, team-building, character development and community service. Through the dedication and hard work of her new crew, USS IOWA is once again coming to life and embarking on her new mission to educate, to inspire a love of history and to stand as a living monument to the services of the United States Armed Forces.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.9% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
9.8% | 14.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
17.2% | 5.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.9 mo | 16.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
56.3% | 10.6% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
61.9% | 74.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
37.1% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
18.8% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.2% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $8.8M | $8.0M | $4.6M | 72.9% | 92 |
| 2023 | $6.5M | $6.8M | $3.7M | 74.4% | 91 |
| 2022 | $5.6M | $6.0M | $3.8M | 74.8% | 79 |
| 2021 | $6.5M | $4.7M | N/A | — | 59 |
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