Southeastern Quilt and Textile Museum Inc

Analysis

Southeastern Quilt and Textile Museum Inc is a registered charity in United States, based in Carrollton, GA. It received its IRS tax-exemption ruling in April 2012, 14 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, Southeastern Quilt and Textile Museum Inc reported income of $88k and spending of $104k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $88k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southeastern Quilt and Textile Museum Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within GA. Charities of a similar size with the same main cause include Willoughby South Instrumental Music Boosters ($88k), California Pops Orchestra ($88k) and Capital City Cultural Arts District ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 39% of the total. At year end it held assets of $129k against liabilities of $16k, net assets of $113k.