Georgetown County Historical Society

Analysis

Georgetown County Historical Society is a registered charity in United States, based in Georgetown, SC. It received its IRS tax-exemption ruling in February 2004, 22 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, Georgetown County Historical Society reported income of $61k and spending of $95k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $63k to $61k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 152% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Georgetown County Historical Society sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 30th percentile within SC. Charities of a similar size with the same main cause include Bands of the Villages Inc ($61k), Collaborative Solutions Institute Inc ($61k) and Essex County Arts Council Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 6.9% of the total. At year end it held assets of $456k against liabilities of $21k, net assets of $435k. It reported 2 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.