Newberry Museum

Analysis

Newberry Museum is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in December 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, Newberry Museum reported income of $234k and spending of $148k, leaving 37% of income unspent that year. Across the 4 years on record, from June 2019 to June 2023, income grew from $103k to $234k (+128%), an average of +32% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newberry Museum sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within SC. Charities of a similar size with the same main cause include Murphysboro Apple Festival Inc ($234k), Chelsea Film Festival ($234k) and Southern Association for Performance Arts Inc ($234k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $71k. At year end it held assets of $255k against liabilities of $0, net assets of $255k. It reported 3 employees.