Middleton Place Foundation

Analysis

Middleton Place Foundation is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in March 1975, 51 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, Middleton Place Foundation reported income of $2.9m and spending of $2.1m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $2.9m (-11%), an average of -2.9% a year. The sharpest change came in the year to June 2021, when income rose by 267%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Middleton Place Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Epacenter ($2.9m), The Metropolitan Center for the Visual Arts Inc ($2.9m) and Northern Minnesota Public Television ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $125k (6.0% of expenses). Other salaries and wages came to $777k. At year end it held assets of $38.3m against liabilities of $386k, net assets of $37.9m. It reported 63 employees.