Charleston Gaillard Management Corporation

Analysis

Charleston Gaillard Management Corporation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, Charleston Gaillard Management Corporation reported income of $10.0m and spending of $10.0m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.8m to $10.0m (+73%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 176%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Charleston Gaillard Management Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within SC. Charities of a similar size with the same main cause include Motown Historical Museum Inc ($10.0m), Redwood Research Group Inc ($10.0m) and National Cyber Forensics and Training Alliance ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $882k (8.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $9.7m against liabilities of $2.5m, net assets of $7.2m. It reported 230 employees.