Recently bequeathed an amount of £50,000 from the estate of Mr James Stevens in 1894, the RNLI provided the station with a new ten-oared 'pulling and sailing' (P&S) lifeboat, (one that was provided with both oars, and sails for when conditions allowed), named James Stevens No.1, and costing £463.

[2] Also in 1896, work commenced on the construction of a boat house on Lime street, Port St Mary, which was completed over the next two years, and which is still in use to this day.

This was over 100 years after the founder of the RNLI, Sir William Hillary, had advocated the use of powered lifeboats.

One third of its income is distributed to the RNLI for use on the Isle of Man, and this funded a second boat for Port St Mary, Trent-class 14-26 Gough Ritchie II in 1998.

[5] In the early hours of 6 November 2021, Port St Mary Lifeboat was alerted to a yacht requiring assistance, with tangled propellers, and dangerously close to the shore.