Spartanburg Art Museum

Analysis

Spartanburg Art Museum is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in September 1969, 57 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Spartanburg Art Museum reported income of $354k and spending of $323k, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $346k to $354k (+2.1%), an average of +0.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spartanburg Art Museum sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within SC. Charities of a similar size with the same main cause include Meadowlark Service League ($354k), Raise 28 ($354k) and Se Si Le ($354k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 12% of the total. Other salaries and wages came to $95k. At year end it held assets of $28k against liabilities of $2,694, net assets of $25k. It reported 5 employees.