South Carolina State Museum Foundation

Analysis

South Carolina State Museum Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1981, 45 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 2024, South Carolina State Museum Foundation reported income of $2.8m and spending of $1.2m, leaving 57% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $2.8m (+101%), an average of +19% a year. The sharpest change came in the year to June 2024, when income rose by 159%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Carolina State Museum Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within SC. Charities of a similar size with the same main cause include Museum of Craft and Design ($2.8m), Maine Maritime Museum ($2.8m) and American Meat Science Association ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% of the total. At year end it held assets of $5.8m against liabilities of $218k, net assets of $5.6m.