North Myrtle Beach Area Historical Museum

Analysis

North Myrtle Beach Area Historical Museum is a registered charity in United States, based in N Myrtle BCH, SC. It received its IRS tax-exemption ruling in August 2022, 4 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 June 2024, North Myrtle Beach Area Historical Museum reported income of $101k and spending of $102k, spending 101% of its income. Across the 6 years on record, from June 2018 to June 2024, income grew from $18k to $101k (+462%), an average of +41% a year. The sharpest change came in the year to December 2021, when income rose by 1433%. Over the whole period it spent 179% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, North Myrtle Beach Area Historical Museum sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 43rd percentile within SC. Charities of a similar size with the same main cause include Atlantean Gardens ($101k), Wheels Museum ($101k) and Dominion Guild Inc ($101k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $547k against liabilities of $374, net assets of $547k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.