Saluda Depot Museum

Analysis

Saluda Depot Museum is a registered charity in United States, based in Saluda, NC. It received its IRS tax-exemption ruling in September 2015, 11 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, Saluda Depot Museum reported income of $65k and spending of $42k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $65k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saluda Depot Museum sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Piccadilly Puppets Co ($65k), No Limits Creative Arts ($65k) and Wilsons Creek National Battlefield Foundation ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $340k against liabilities of $124k, net assets of $216k.