Lake Waccamaw Depot Museum Inc

Analysis

Lake Waccamaw Depot Museum Inc is a registered charity in United States, based in Lake Waccamaw, NC. It received its IRS tax-exemption ruling in August 1979, 47 years ago. 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, Lake Waccamaw Depot Museum Inc reported income of $83k and spending of $71k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $83k (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Waccamaw Depot Museum Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Haynes House Inc ($83k), Little League Baseball Inc ($83k) and Volunteers of America Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 89% of the total. Other salaries and wages came to $12k. At year end it held assets of $214k against liabilities of $825, net assets of $213k. It reported 1 employees.