Fort Mill History Museum Inc

Analysis

Fort Mill History Museum Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in July 2011, 15 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 2022, Fort Mill History Museum Inc reported income of $169k and spending of $147k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $145k to $169k (+17%), an average of +5.3% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fort Mill History Museum Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Red Line Service Institute ($169k), Highland Historical Society ($169k) and Mountain Air Modern Dance ($169k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $36k (25% of expenses). At year end it held assets of $314k against liabilities of $51k, net assets of $263k.