Sumter Museum

Analysis

Sumter Museum is a registered charity in United States, based in Sumter, SC. It received its IRS tax-exemption ruling in January 1991, 35 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 2022, Sumter Museum reported income of $760k and spending of $457k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $389k to $760k (+96%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 213%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sumter Museum sits at the 83rd percentile: it is larger than about 83% 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 Portland Street Art Alliance ($760k), Illinois State Museum Society Museum Building ($760k) and Artsplosure-Raleigh Arts Festival ($760k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 1.7% of the total. Other salaries and wages came to $91k. At year end it held assets of $3.0m against liabilities of $30k, net assets of $2.9m.