South Carolina Cotton Museum Inc

Analysis

South Carolina Cotton Museum Inc is a registered charity in United States, based in Bishopville, SC. It received its IRS tax-exemption ruling in September 1995, 31 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 June 2023, South Carolina Cotton Museum Inc reported income of $155k and spending of $211k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $191k to $155k (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2021, when income rose by 70%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Carolina Cotton Museum Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Mindful Citizen Dba Simply Ojai Dba Start at Home ($155k), Pennsylvaina German Society ($155k) and Schoharie Colonial Heritage Assn ($155k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $34k (16% of expenses). Other salaries and wages came to $28k. At year end it held assets of $1.4m against liabilities of $14k, net assets of $1.4m. It reported 3 employees.