Southeastern Museums Conference Inc

Analysis

Southeastern Museums Conference Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 1977, 49 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 2023, Southeastern Museums Conference Inc reported income of $412k and spending of $527k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $384k to $412k (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2021, when income dropped by 50%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Southeastern Museums Conference Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Aiken Symphony Orchestra ($412k), Blue Ridge Community Theatre Inc ($412k) and Curationist Foundation Inc ($411k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $87k (17% of expenses). At year end it held assets of $746k against liabilities of $26k, net assets of $720k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.