The Beaufort Museum Inc

Analysis

The Beaufort Museum Inc is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in October 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 2023, The Beaufort Museum Inc reported income of $53k and spending of $66k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $53k (+63%), an average of +63% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Beaufort Museum Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Artmorpheus Inc ($53k), American Italian Heritage Museum ($53k) and National Agri-Marketing Association Nama Foundation ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 57% of the total. At year end it held assets of $183k against liabilities of $3,325, net assets of $180k.