Arts, Culture & Humanities (A80) IRS Verified DX Registered 990 on File

STEAMSHIP HISTORICAL SOCIETY OF AMERICA INC

EIN: 54-6053001 · WARWICK, RI 02886-2244 · United States · FY 2024 Data

3 out of 5 54 / 100 Based on 2+ years of filings

Financial strength (30%) 87/100

Reliability (20%) 50/100

Effectiveness (25%) 71/100

Impact (25%) No data yet

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

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Mission Statement

MISSION The mission of the Steamship Historical Society of America is to record, preserve, and disseminate the history of engine-powered vessels. Today SSHSA stewards a collection of hundreds of thousands of images, artifacts, periodicals, artwork, official records, memorabilia, and ephemera archived in more than 100 collections and devoted exclusively to the history of engine-powered vessels, their passengers and crew. SSHSA also publishes the quarterly magazine PowerShips and has taken on the role of conservationist through our digital conservation project, the Image Porthole. Our members include maritime collectors and artists, current and former crew members, historians and students, genealogists, scuba divers, cruise travelers, ship engineers and architects, and maritime history enthusiasts.

Financial Overview — FY 2024

$706K

Total Revenue

$633K

Total Expenses

$452K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 67.1%

Fundraising Efficiency 14.2%

Operating Reserve 8.57x

Liability-to-Asset 47.0%

Revenue Diversification 59.8%

Compared with Peers

FY 2024

Compared with 12,711 similar organizations (United States, Arts, Culture & Humanities, $100K–$1M 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	67.1%	82.0%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	23.8%	14.1%	P10P90	Below median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	9.0%	0.0%	P10P90	Bottom quarter
Fundraising efficiency Fundraising expenses / gross fundraising income · lower is better	14.2%	28.2%	P10P90	Above median
Operating reserve Months of expenses covered by net assets · higher is better	8.6 mo	9.8 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	47.0%	1.8%	P10P90	Bottom quarter
Revenue concentration Share of revenue from the largest source · lower is better	59.8%	79.8%	P10P90	Top quarter
Revenue growth Year over year revenue growth	12.6%	8.1%	P10P90
Expense growth Year over year expense growth	3.0%	8.8%	P10P90
Surplus margin Surplus as a share of revenue	10.3%	1.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$706K	$633K	$452K	67.1%	7
2023	$627K	$614K	$608K	68.6%	10
2022	$594K	$550K	$757K	62.5%	8
2021	$1.1M	$541K	N/A	—	6

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Organization Details

EIN: 54-6053001
State: RI
City: WARWICK
ZIP: 02886-2244
Classification: A80
Category: Arts, Culture & Humanities
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 1935
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

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