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In 1961, maritime collector J. Welles Henderson felt that Philadelphia's maritime history had been forgotten, and was frustrated that his city lacked a maritime museum like those in New England.
In 1995, the museum moved to Penn's Landing along the Delaware River, after spending $15 million to renovate a building used by the Port of History Museum, which had closed two years earlier.
In June 2007, former Independence Seaport Museum president John S. Carter pleaded guilty to charges of fraud and tax evasion from misappropriating about US$2.5 million in funds from the museum.
In February 2010, museum officials announced that the cruiser USS Olympia needed $10 to $20 million for hull repairs to prevent her from sinking and would consider transferring her to a new steward.
The Seaport Museum held a preservation summit in March 2011, and shortly thereafter announced that qualified interested organizations could apply for stewardship of Olympia through a transfer application process vetted by a review panel of historic ship and preservation experts.
In April 2011, John Brady was named the Seaport Museum's President & CEO. Brady was formerly the longtime director of the Workshop on the Water, the museum's boat shop specializing in the building and restoration of traditional wooden boats.
In 2014 the Museum announced that it had cancelled plans to seek a new steward and instead would focus its efforts on raising the funds necessary to repair the Ship.
In June 2015, the Museum nearly doubled its endowment after receiving four large donations totaling nearly $13.9 million to help fund museum programs, exhibitions, and the restoration to the two historic ships.
In January 2016, the Independence Seaport Museum was given a grant of over $1 million by the William Penn Foundation to fund environmental and clean water programs, as well as, exhibitions, and renovations to the dock.
In 2017, the Independence Seaport Museum completed the first phase of renovations to the Ship and is working to raise the funds necessary to tow the vessel to a dry-dock facility so that its hull can be repaired.
In 2017, the Independence Seaport Museum received a grant of $2.6 million from William Penn Foundation to support the River Alive exhibition.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Mystic Seaport | 1929 | $17.1M | 201 | 10 |
| Maine Maritime Museum | 1964 | $5.0M | 28 | - |
| Mobile Museum of Art | 1964 | $5.0M | 24 | - |
| Philadelphia Museum of Art | 1876 | $77.0M | 507 | 33 |
| Myrtle Beach Area Chamber of Commerce | 1938 | $99,999 | 50 | - |
| Nasher Sculpture Center | 2003 | $50.0M | 28 | - |
| Orlando Museum of Art | 1924 | $10.0M | 49 | - |
| Eiteljorg Museum of American Indians and Western Art | 1989 | $2.2M | 99 | - |
| California Interscholastic Federation Southern Section | 1913 | $410,000 | 50 | - |
| Dr Pepper Museum | 1987 | $1.1M | 19 | - |
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