Sumter County Museum Foundation

Analysis

Sumter County Museum Foundation is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in August 1988, 38 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 March 2023, Sumter County Museum Foundation reported income of $751k and spending of $220k, leaving 71% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $697k to $751k (+7.7%), an average of +2.5% a year. The sharpest change came in the year to March 2022, when income rose by 43%. Over the whole period it spent 25% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sumter County Museum Foundation 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 76th percentile, and in the 80th percentile within SC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($751k), The Parenting Connection of Monterey County ($751k) and Women for Economic and Leadership Development ($751k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $6.5m against liabilities of $35k, net assets of $6.5m.