South County Museum Inc

Analysis

South County Museum Inc is a registered charity in United States, based in Narragansett, RI. It received its IRS tax-exemption ruling in November 1937, 89 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South County Museum Inc reported income of $138k and spending of $169k, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $208k to $138k (-34%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South County Museum Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within RI. Charities of a similar size with the same main cause include Pepperell Community Arts ($138k), Orca Behavior Institute ($138k) and Halau Hula Kauluokala Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 2.3% of the total. At year end it held assets of $256k against liabilities of $610, net assets of $255k.