Butler Heritage Foundation Inc

Analysis

Butler Heritage Foundation Inc is a registered charity in United States, based in Hartsville, SC. It received its IRS tax-exemption ruling in November 1993, 33 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 September 2023, Butler Heritage Foundation Inc reported income of $819k and spending of $211k, leaving 74% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $131k to $819k (+527%), an average of +58% a year. The sharpest change came in the year to September 2021, when income rose by 498%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Butler Heritage Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within SC. Charities of a similar size with the same main cause include Groundup Music Foundation Inc ($819k), Undermain Theatre ($820k) and Downtown Asheboro Inc ($819k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.