Spartanburg County Historical Association Incorporated

Analysis

Spartanburg County Historical Association Incorporated is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in October 1962, 64 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Spartanburg County Historical Association Incorporated reported income of $744k and spending of $335k, leaving 55% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $221k to $744k (+237%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spartanburg County Historical Association Incorporated 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 79th percentile within SC. Charities of a similar size with the same main cause include United Way of Sandusky County Inc ($744k), Sungarden Montessori Center Inc ($744k) and Wooster Growth Corporation ($744k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $50k (15% of expenses). Other salaries and wages came to $71k. At year end it held assets of $1.3m against liabilities of $8,428, net assets of $1.3m. It reported 16 employees.