Childrens Museum of the Lowcountry

Analysis

Childrens Museum of the Lowcountry is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 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 December 2023, Childrens Museum of the Lowcountry reported income of $3.3m and spending of $2.1m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $3.3m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2023, when income rose by 747%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Childrens Museum of the Lowcountry sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Artsbuild ($3.3m), Association of Performing Arts Professionals Inc ($3.3m) and Columbus Citizens Foundation Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $272k (13% of expenses). Other salaries and wages came to $779k. At year end it held assets of $4.1m against liabilities of $190k, net assets of $3.9m. It reported 38 employees.