Florence County Museum Foundation

Analysis

Florence County Museum Foundation is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in December 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Florence County Museum Foundation reported income of $174k and spending of $59k, leaving 66% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $50k to $174k (+246%), an average of +246% a year. The sharpest change came in the year to June 2024, when income rose by 246%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Florence County Museum Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 56th percentile within SC. Charities of a similar size with the same main cause include Unruly Arts ($174k), Benefit Tomorrow ($174k) and We Are Instrumental Inc ($174k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. At year end it held assets of $334k against liabilities of $0, net assets of $334k.