McCormick Arts Council at the Keturah M a C K

Analysis

McCormick Arts Council at the Keturah M a C K is a registered charity in United States, based in MC Cormick, SC. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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, McCormick Arts Council at the Keturah M a C K reported income of $2.1m and spending of $428k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $2.1m (+756%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 543%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McCormick Arts Council at the Keturah M a C K sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within SC. Charities of a similar size with the same main cause include Logan County Association for Retarded Citizens Inc ($2.1m), Smith Medical Clinic Inc ($2.1m) and United Way of Greater Baytown Area and Chambers County ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.9% of the total. Other salaries and wages came to $100k. At year end it held assets of $2.5m against liabilities of $30k, net assets of $2.5m. It reported 2 employees.