Historic Beaufort Foundation

Analysis

Historic Beaufort Foundation is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in January 1969, 57 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, Historic Beaufort Foundation reported income of $768k and spending of $640k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $545k to $768k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Beaufort Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Art Resources Transformations ($768k), Oklahoma Watch Inc ($769k) and Music Center of South Central Michigan ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $86k (13% of expenses). Other salaries and wages came to $149k. At year end it held assets of $1.7m against liabilities of $254k, net assets of $1.4m. It reported 7 employees.